Archives for February 2014

What is a Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) Bond?

Medicare Bonds, often referred to as DMEPOS Bonds, are mandatory for manufacturers and suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS).  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 … [Read more...]

I’m Told I Need an Assurety Bond – What is That?

When my son was young, we would often tell him he needed “an adult” to help him with a project he wanted to tackle.  Somehow, in translation, “an adult” ran together into one word so that in his vocabulary he was often asking for a “nadult” to assist him with his project. An assurety bond runs along that same line.  Often we find when someone hears the words “You need a surety bond,” the words are being run together and come out sounding like “You need assurety bond.”  And so begins your chase … [Read more...]