A $50,000 surety bond is required in NY.
New DMEPOS Surety Bond Requirements as of January 31, 2019!
Recent Medicare changes now require who act as Durable Medical Equipment providers for Medicare-approved appliances (sleep apnea oral appliances) to secure a $50,000 surety bond. Previously, these dentists were deemed exempt from the federal DMEPOS bond requirement. These affected dentists are now receiving a letter from the Center of Medicare & Medicaid Services instructing them to get this surety bond within a 60-day time frame.
If you are a dentist or you have a client that is a dentist and are required to post a DMEPOS bond, World Wide Bonding Agency can help you! Our DMEPOS application process is quick and simple, and comes with a competitive rate and instant underwriting. In addition, we do not require signed applications for dentists needing a single $50,000 bond. Our DMEPOS application process also includes the following key features:
• Ability to receive instant approval based on credit
•No financial statements are required for single bonds or aggregation lines up to $150,000
•Ability to apply for up to three bonds for multiple locations on same application
•$5 per thousand rate for all types of DMEPOS suppliers
Click on the START MY APPLICATION button to complete our simple, online bonding application.
Completing our application allows the underwriters at our office to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond and get the process going immediately!