As of the new year 2019, the Center for Medicare and Medicaid Services will require dentists that provide durable medical equipment and which participate in a CMS billing program to file a DMEPOS surety bond with the Center. Currently the rule’s goal is to bring dental sleep medicine practitioners in to compliance. Affected dentists, like all DMEPOS suppliers (except for exempted professionals and other persons as specified by the Medicare Improvement for Patients and Providers Act of 2008) must comply with the Medicare program’s DMEPOS bond requirement pursuant to 42 CFR §424.57(c). The surety bond must meet the following criteria.
- The bond must be secured through a surety company that appears on the U.S. Department of Treasury’s circular of carriers acceptable on federal obligations (T-Lis).
- The DMEPOS bond must be no less than $50,000
- The surety bond must be obtained within sixty (60) days of receipt of a formal notification from the CMS.
Failure to obtain the surety bond within the allotted window will result in the revocation of the dentist’s Medicare Provider Transaction Access Number (PTAN).
Surety One, Inc. is a national surety bond underwriter, specializing in the surety needs of the medical and prosthetic sector. We offer immediate approval of your DMEPOS surety bond request. Our special programs afford each applicant bonding capacity regardless of credit and/or financial condition. Operating in multiple states or multiple locations? No problem! We offer surety bonds in all states and offer fidelity bond coverages for dental professionals.
Surety bond application review and quoting are free of charge. There is no obligation to purchase. Read more about DMEPOS bonds here.