New Medicare Requirement for Dentists: Surety Bonds

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The Center for Medicare Services has recently changed a ruling that dentists providing DMEPOS (durable medical equipment, prosthesis, orthotics and supplies) services are no longer exempt from obtaining a surety bond.

What does this mean for dentists providing these services?

  • All dentists that are Durable Medical Equipment (DMEPOS) suppliers must obtain a surety bond.

How much will the bond cost?

  • It is quick and easy to get this bond. Average annual premium is just $250.

What is the minimum amount of coverage I need on the bond?

  • Minimum coverage required: $50,000.

Is there a deadline to get the bond?

  • The bond must be in place within 60 days from the date of notification.

Are there any consequences if I don’t get bonded?

  • If a bond is not in place, your PTAN (Medicare Provider Transaction Access Number) will be deactivated.

Who does this change affect?

  • Applies to all Medicare providers including those that are non-participating.
Tom Davis – Surety Account Executive

 

For more information, contact Tom Davis by phone (509-755-9338) or email.

To get started on the bond application, fill out the form below.

 

Request A Surety Bond