Maryland Dmepos | $50,000 Dmepos Surety Bond
Also known as: dmepos bond
Type of Bond
A DMEPOS bond refers to a surety bond required for suppliers of durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) who participate in Medicare. DMEPOS suppliers must obtain this bond as a condition of their enrollment in the Medicare program. The purpose of the DMEPOS bond is to protect the Medicare program and its beneficiaries from fraudulent activities, non-compliance with regulations, and financial losses. The bond provides a financial guarantee that the DMEPOS supplier will adhere to the rules and regulations set by the Centers for Medicare and Medicaid Services (CMS) and fulfill their obligations as a Medicare supplier. By obtaining the bond, the DMEPOS supplier agrees to comply with all applicable laws, rules, and guidelines. This includes maintaining accurate records, submitting claims correctly, and providing DMEPOS items that meet the quality and safety standards established by CMS. If the DMEPOS supplier fails to meet their obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows CMS or other affected parties to seek financial compensation for any damages, losses, or non-compliance issues resulting from the supplier's actions. The bond amount for a DMEPOS bond is typically based on the supplier's projected annual Medicare billing. CMS determines the specific bond amount required for each supplier based on their specific circumstances. DMEPOS suppliers should consult with CMS or a surety bond provider to understand the specific bond amount and requirements applicable to their enrollment in the Medicare program.
Program
The price you'll pay for your $50,000 Dmepos Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $50,000 Dmepos Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $50,000 Dmepos Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Dmepos Bond Application process.
The Maryland Dmepos Bond amount is currently set at $50,000.
Obligee Information
An obligee is the entity that is requiring you to have the Dmepos bond.
Obligee: Centers For Medicare & Medicaid Services (CMS)
Street: 7500 Security Blvd
State: Maryland
Zip: 21244
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!