NJ Medicare DMEPOS $50,000 Surety Bond

Medicare DMEPOS Surety Bond in New Jersey- $50,000.
Pharmacies-$250.00; All others-$500.00. Other prices vary based on credit.

Or click here to download a PDF version of the application.

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.

A free quote will be emailed to you within minutes.

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  Here’s How it Works:

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
New Jersey is the most crowded state in the U.S. There are approximately 1,000 people per square mile, which is 13 times the average. 90 percent of the states population also lives in an "urban" area.

The state is also known for the vast number of beach resorts and towns that it has. There are over 50 towns in total and hundreds of resort hotels. It is the diner capital of the world and has more, per mile, than any other place on earth.

The state is home to some pretty big names in the entertainment industry. Bruce Springsteen, Bon Jovi, Queen Latifa, Frank Sinatra, Jason Alexander, and Whitney Houston are all from the Garden State. Next to Las Vegas, Atlantic City, New Jersey has the most casinos and slot machines than anywhere else in the country.

The law to make casino gambling legal in the state was not approved until 1977. The first dinosaur skeleton was found in Haddonfield in 1858. The fossil discovered belonged to that of "Hadrosaurus and was thus adopted as the state dinosaur of New Jersey.

The state is a shopaholic's dream. There are more shopping malls in 25 miles of the state than anywhere else in the world. Fruit is one of New Jersey's largest industries. They are a top producer of blueberries and cranberries, and Jersey Tomatoes are known world-wide as the "best one can buy".

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