The Center for Medicare & Medicaid Services (CMS) has notified all Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) suppliers that dentists are no longer exempt from the DME surety bond requirements.
What does this mean for you?
- You must obtain a surety bond with a minimum of $50,000 coverage per practice location.
- The surety bond must be obtained within 60 calendar days from the date on the Medicare notification that will be sent in January 2019.
- This requirement applies to ALL Medicare providers, even those that are non-participating.
- Failure to obtain the surety bond within 60 days will result in Medicare Provider Transaction Access Number (PTAN) deactivation.
All DMEPOS suppliers will receive a letter from CMS, detailing these requirements in January 2019.
For more information, you may read Palmetto’s, the National Supplier Clearinghouse for DMEPOS suppliers, article here.
Or visit their Surety Bond FAQs page.