$250 is your GOOD CREDIT PRICE for a $50,000 Medicare DMEPOS Bond for most states.
The Centers for Medicare & Medicaid Services (CMS) imposed a rule in January 2009 that requires all suppliers of Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) to produce a Medicare DMEPOS Bond.
The DMEPOS Bond is also known as a Medicare Bond and the Medicare DMEPOS Bond amount is typically set at $50,000 unless your business is deemed a high risk. Every location you operate will require its own Medicare DMEPOS Bond. It is also necessary for you to provide your National Provider Identification (NPI) for each bond.
Medicare DMEPOS Bonds are generally available starting at $250 with acceptable credit.
Bonds Express offers a Medicare DMEPOS Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Medicare DMEPOS Bond holds you accountable for your business decisions.
By possessing a Medicare DMEPOS Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.