RI Medicare DMEPOS - $50,000

Medicare DMEPOS Surety Bond in Rhode Island- $50,000.
Pharmacies-$250; All others-$500. 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.
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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
The smallest state in our nation, Rhode Island, has just a little over 1,000 miles in land area.

It is roughly the size of the "King Cattle Ranch in Texas, near Corpus Christi", or the size of the Stellwagen Bank National Marine Sanctuary in Massachusetts.

To put it simply, Rhode Island is a very small state. However, this does not mean that it has little to offer. The state is the home of the Tennis Hall of Fame, and is well known as the home to the first Tennis Championship.

The sports of Polo and Golf were also first played in Rhode Island. The state is also the birthplace of the first circus, carousel, and a working model of Democracy.

It is a leader in the production of fine jewelry and metals. Being surrounded by water, Rhode Island is also a large world producer of boats and large ships.

The beaches of the state, specifically Newport, are also known for attracting wealthy summer vacationers. The Industrial Revolution in the United States started in Rhode Island, with the worlds first water powered cotton mill. The tallest point in the state comes in at just 812 feet high.

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