CT Medicare DMEPOS $50,000 Surety Bond

A $50,000 surety bond is required in CT.
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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 existing 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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1. Click for Quote, fill out PDF. 2. Click Submit. 3. Get your Exact Quote emailed to you.
All bonds are guaranteed to be accepted by the obligee
A member of the original 13 colonies, Connecticut's history dates back to the beginning of our nation. Falling only behind Rhode Island and Delaware, it is the 48th smallest state.

Despite its size, Connecticut has been a leader in politics and education. New Haven is the home of one of the oldest and most prestigious universities in the country, Yale.

The state is also very wealthy in historical culture. Often called, "The Rose of New England", Connecticut has many historically significant monuments and museums, such as the Mark Twain House and the Connecticut Historical Society, which is home to the famous ship,

Le Amistad. We can thank Connecticut for that childhood favorite, "Yankee Doodle". The song was also adopted as the state song in 1978. Its beautiful coastline and oceanic life also prompted the state to be a leader in conservation.

Over 82 miles of the coast are under the protection of the state. How old is your local newspaper? The Hartford Courant, the world's oldest newspaper, began in 1764 and is still in production today.

It doesn't only have the oldest newspaper, Connecticut has some of the oldest settlements in the United States. Some of the towns date back to the early 1600's.

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