Surety Bond News
Friday, January 02, 2009

The Centers for Medicare & Medicaid Services (CMS) published a final rule titled, "Medicare Program: Surety Bond Requirement for Suppliers of Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS)" in the Federal Register on January 2, 2009.  This final rule implemented Section 4312(a) of the Balanced Budget Act of 1997 and requires certain DMEPOS suppliers to obtain and maintain surety bond on continuing basis.  Section 4312(b) requires that a surety bond be in amount of not be less than $50,000. 

Visit the CMS website for additional details @ http://www.cms.hhs.gov/MedicareProviderSupEnroll/05_DMEPOS%20Surety%20Bond.asp

 

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