$250 is your GOOD CREDIT PRICE for a $50,000 Medicare DMEPOS Dentists Bond for most states.
Medicare has implemented a new requirement for all DSM (Dental Sleep Medicine) professionals whose locations are currently enrolled as a DME (Durable Medical Equipment) supplier to obtain a bond in the amount of $50,000.
All current DME Suppliers will have 60 days to obtain this bond after notification from the Center of Medicare Services. If you fail to obtain this bond within the 60 day period, your PTAN number may be cancelled.
This ruling applies to both participating and non-participating providers.
Medicare DMEPOS Dentist Bonds are generally available starting at $250 with acceptable credit.
Bonds Express offers a Medicare DMEPOS Dentists 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 Dentists Bond holds you accountable for your business decisions.
By possessing a Medicare DMEPOS Dentists Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.