DMEPOS Competitive Bidding Program Bond
DMEPOS Competitive Bidding Program Bond
We write $50,000 CMS Competitive Bidding Program or Bid Surety Bond.
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The Act of 2003(MMA) mandated by Congress was the DMEPOS Competitive Bidding Program. This new law would eliminate the current price schedule payment for Durable Medical Equipment, Prosthetics, Orthotics and Supplies or DMEPOS as it is more commonly referred. Instead, suppliers would be required to bid in a competitive bid process.
A bidder is required to post one $50,000 Competitive Bid Surety bond for each CBA or Competitive Bidding Area they wish to bid in. Learn about Competitive Bidding Areas
The newly required DMEPOS Competitive Bidding Program Forfeiture Surety bond is not the same as the $50,000 DMEPOS Supplier bond. If you need the Medicare Supplier bond visit our
$50,000 DMEPOS Supplier bond webpage.
For more information, Contract suppliers and bidders should visit CMS DMEPOS Competitive Bidding Program.
Here are some helpful links and announcements regarding the newly required bid surety bond for CMS:
Overview of Bidding or Bid Surety Bonds for Competitive Bidding
CMS DMEPOS Bid Surety Bond Checklist
CMS DMEPOS Bid Surety Bond Fact Sheet
Sample Bid CMS DMEPOS Surety Bond Template
CMS DMEPOS Bid Surety Bond FAQS
In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - CMS DMEPOS Competitive Bidding Program Forfeiture Surety Bond
Bond Amount - $50,000.00
Bond Premium - Rates will vary based on credit
Renewal Document - Renewal/Continuation Certificate required.
You are applying for a $50,000 DMEPOS Competitive Bidding or Bid Surety Bond.