Dentists who are enrolled in Medicare as durable medical equipment suppliers of sleep medicine devices are required to have $50,000 DMEPOS Surety Bonds, according to updates to the Code of Federal Regulations (CFF) that took effect on November 28, 2018. This change to the Medicare accreditation standards affects all dentists who provide oral appliances for Obstructive Sleep Apnea (OSA) to Medicare patients. To avoid having your dental practice interrupted by losing your DMEPOS Accreditation, apply today for a Medicare Surety Bond with The ProSure Group.
This $50,000 surety bond allows a dentist to maintain accreditation as a durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) supplier, as well as Medicare billing privileges. Proof of the surety bond must be submitted to a Centers for Medicare & Medicaid Services (CMS) contractor within 60 days of receiving notification that the bond exemption has expired. Our Medicare Surety Bonds are available nationwide. Call us for a free surety bond quote or to speak with a Medicare bonds expert.
Under Medicare’s previous DMEPOS supplier accreditation standards, dentists who supplied medical appliances for sleep apnea were classified as exempted professionals and had no surety bond requirements. However, the updated federal regulations, as outlined in 42 CFR §424.57 (c), declare that dentists are no longer are eligible for bond exemptions. These new requirements apply to all dentists who receive prescriptions for oral appliances from other physicians — doctors who diagnose sleeping disorders in patients and then refer them to dentists for medical devices — and then bill Medicare.
If you’re a dental sleep medicine professional enrolled in the Medicare program, call our Surety Bond Agency right away to prevent a lapse in your accreditation.
At The ProSure Group, a Medicare DME Provider Bond costs as low as $250, or .05 percent of the bond amount. Lower rates are offered to applicants with higher credit scores. In some cases, personal and business financials are required to obtain a surety bond, although bad credit is never a disqualifier with us. In terms of cost comparisons, a dental office that stops admitting patients on Medicare due to a lapsed accreditation is bound to give up much more in lost revenue than what the surety bond would have cost.
The ProSure Group does more than provide DMEPOS Bonds for dentists and other durable medical equipment suppliers. We also help our customers navigate through the application process. Whether it is a question about bond requirements or advice on how to get a surety bond at the lowest price, look to our experts for friendly and knowledgeable service. Some Medicare Bonds are time sensitive — call us for help today!
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The Medicare Supplier Bond is in place to protect the taxpayer against fraudulent billing practices or other illegal business practices committed by certain suppliers of services paid by Medicare. All DMEPOS suppliers are required to comply with Section I (Supplier Business Service Requirements) and Section II (Supplier Product-Specific Service Requirements) of the DMEPOS Quality Standards as well as Appendices A, B, and/or C as needed. These standards are listed in 42 Code of Federal Regulations (CFR), part 424, section 57.
The Medicare Surety Bond protects the taxpayer from fraudulent billing or other illegal business practices by suppliers of services covered by Medicare. All DMEPOS suppliers must comply with the DMEPOS Quality Standards, including Section I (Supplier Business Service Requirements), Section II (Supplier Product-Specific Service Requirements), as well as Appendices A, B, or C, as necessary. The standards are found in 42 Code of Federal Regulations (CFR), part 424, section 57.
The base DMEPOS Surety Bond runs continuously from its effective date until the customer cancels the bond. On the other hand, CMS restricts surety bond with elevated amounts to a three-year duration. The ProSure Group bills for the bond renewal annually.
Contact The ProSure Group to apply for a DMEPOS Surety Bond. Our surety bond experts have been in business in Florida over 23 years and have handled hundreds of Medicare Bonds. We also have partnerships with more than 30 surety companies to ensure you have the lowest market pricing and best terms. To apply for a bond, fill out our application, and then one of our specialists will contact you quickly.
CMS-855S is the comprehensive application required for enrollment.