A DME or DMEPOS bond is required for suppliers of durable medical equipment, orthotics, prosthetics, and supplies. The term “supplier” is defined an individual or entity, including a Part A provider such as a physician, that rents or sells Part B covered DMEPOS items to Medicare beneficiaries and that meet the DMEPOS supplier standards set forth in the Federal Register (42 CFR 424).
The term "durable medical equipment" is defined as prosthetic devices which replace all or part of an internal body organ (including supplies directly related to colostomy care including colostomy bags), the replacement of devices, or supplies such as a pair of conventional eyeglasses or contact lenses furnished after a cataract surgery that had intraocular lens inserted.
Pharmacies, medical equipment suppliers, optometrists and other health related professionals may be required to have a surety bond in place in order to bill Medicare for equipment that meets reimbursement standards.
We offer a simplified surety bond program exclusively for DME Providers:
The premium that you pay for a DME or DMEPOS surety bond is dependent on your personal credit and the number of years experience in the medical field. Rates as low as $250 per year.
Medical Equipment Association
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application