In November of 2018, Medicare promulgated rules requiring dental sleep medicine (DSM) practitioners to file a DMEPOS bond. If a dental professional is enrolled with the program as a durable medical equipment supplier or is in the process of applying, the business must provide the surety bond to the National Supplier Clearinghouse no later than sixty days from receipt of notice of the deficiency (enrolled) or thirty days (enrolling). Dental sleep medicine professionals will no longer be exempt from the bonding requirement.
Pursuant to 42 CFR § 424.57:
The DMEPOS bond for dental professionals must guarantee that the surety will within 30 days of receiving written notice of a claim which contains sufficient evidence to establish the surety's liability, pay to CMS a total of up to the full penal sum of the bond in the following amounts:
(A) The amount of any unpaid claim, plus accrued interest, for which the DMEPOS supplier is responsible.
(B) The amount of any unpaid claims, CMPs, or assessments imposed by CMS or OIG on the DMEPOS supplier, plus accrued interest.
(ii) The bond must provide the following: The surety is liable for unpaid claims, CMPs, or assessments that occur during the term of the bond.
Bonds should be filed with the Medicare Administrative Contractor as follows:
National Supplier Clearinghouse
DMEPOS Bond Filing
P.O. Box 100142
Columbia, SC 29202
We offer immediate approval of your DMEPOS bond request. Our special programs afford each applicant bonding capacity regardless of credit and/or financial condition. Operating multiple locations? No problem! We offer surety bonds in all states and offer fidelity bond coverages for this class of business. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here for more information or application materials for a DMEPOS bond for dental sleep medicine practitioners.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.