WV Medicare DMEPOS $50,000
Medicare DMEPOS Surety Bond in WV - $50,000.
Pharmacies-$250; All others-$500 Other prices vary based on credit.
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On January 2, 2009, the Centers for Medicare & Medicaid Services (CMS) published a final rule in the Federal Register which mandates that many suppliers of Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) to Medicare patients furnish CMS with a $50,000 surety bond. A seperate surety bond is required for each National Provider Identifier (NPI) obtained for DMEPOS billing purposes. The deadline for exisiting suppliers is October 2, 2009; new suppliers or those with ownership changes is May 4, 2009.
These bonds might also be called Medicare bonds, Medicaid bonds, or Durable Medical Equipment Suppliers bonds.
The main purpose of this surety bond is to minimize risk of the Medicare program to fraudulent or abusive DME suppliers. It also ensures that the Medicare program recoups erroneous payments that result from fraudelent billing practices by allowing CMS or a designated contractor to seek payments from a surety up to the penal sum.
Certain suppliers are exempt from the surety bond requirements. Such exemptions include:
- Specific physicians and non-physician practitioners
- Specific state-licensed physical and occupational therapists
- Specific state-licensed orthotic and prosthetic personnel
- DMEPOS suppliers owned or operated by a Federal, State, Local or Tribal goverment agency
You are applying for a $50,000 Medicare DMEPOS Surety Bond.
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If the state of West Virginia would have asked to be a state, it wouldn't be one at all. It is the only state in America to have been formed by taking land from another state. Thus giving West Virginia the most irregular borders of any state in the country. The state also has the highest average age, at 40 years. There are many towns in West Virginia named for international cities, like Berlin, Athens, Moscow, Palermo, Shanghai, Vienna, and London. The state has had many firsts for women. In 1928, Minnie Buckingham Harper became the first female, African-American U.S. legislator. The first prison, solely for women, opened in Alderson in 1926. The prison has also had many famous criminals including Martha Stewart, Billie Holiday, and Sara Jane Moore. Also, the first newspaper aimed at women, the "Ladies Garland", started in Harper's Ferry in 1824. The first American's to have food-stamps, in 1961, were the Muncy and Chloe families. West Virginia is still among the highest poverty states in the country.