Medicaid Provider Bond
The Texas Health and Human Services Commission (HHSC) requires Medicaid Provider surety bonds for all Medicaid providers in the state according to Title 1 Texas Administrative Code 352.15. These bonds are required in the amount of $50,000 and can cost as little as $500. These bonds ensure companies, agencies, and health providers with patients who use Medicaid as an insurance method do not have any uncollected over payments due to Medicaid or the Children’s Health Insurance Program. If a Medicaid provider fails to pay the state or overcharges the state for Medicaid, the bond protects the state from any resulting financial loss up to the full penal sum of the bond.
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