Sacramento, CA (PRWEB) June 29, 2012

Since January of 2009, Medicare surety bonds, or DMEPOS surety bonds, are mandatory for manufacturers and suppliers of durable medical equipment, prosthetics, orthotics and supplies that bill or receive funds from the Medicare and Medicaid systems. The bond requirement is imposed by the Centers for Medicare & Medicaid Services (CMS). The requirement is aimed at curbing medical fraud and malpractice. This bond is commonly reffered to as a Medicare surety bond or a DEMPOS surety bond and Surety Solutions Insurance Services, Inc. (Surety1) can now offer an approval for this type of surety bond within 24 hours of when the bond is applied for and at the lowest rates available.*

In most cases, suppliers are required to obtain surety bond in the amount of $ 50,000. There are, however, some unique exceptions. The bond amount may actually increase beyond $ 50,000 for suppliers that are deemed “high risk by CMS. This is if the supplier has had previous infractions within the CMS system.