Medicare DMEPOS Bond
The acronym of this bond stands for durable medical equipment, prosthetics, orthotics and supplies. The Centers for Medicare and Medicaid Services (CMS) established a bonding requirement in 2009 intending to curb medical billing fraud by physicians or medical practitioners. Most suppliers of these goods must file a $50,000 surety bond before they can bill Medicare. Because DMEPOS bonds are required by CMS, they are also known as Medicare Bonds or Medicaid Bonds. Medicaid Provider Bonds are similar in nature, but they are not issued on the same form. These bonds prevent Medicare fraud and guarantee that the Medicare program is reimbursed for any losses resulting from illegal business practices.
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