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.
Surety Solutions offers a simple to use and fast online application process and an “in-house” authority of up to $100,000. This means that Surety1 is capable of having a bond approved within 24 hours of the application being submitted. The staff members at Surety1 are Medicare surety bond experts. According to John Page, President of Surety1, "our insurance company partners continue to provide us with instant access to many types of surety bonds that used to take days to get approved and the pricing has never been better".
Surety Solutions Insurance Services, Inc. (Surety1) is an independent insurance agency based in Rancho Cordova, California and licensed in all fifty states. Surety1 specializes in the placement of surety bonds and other specialty insurance products.
For more information on obtaining a Medicare Surety Bond, you can contact Surety Solutions through its website, http://www.surety1.com, by calling toll-free, 877-654-2327, or by e-mailing info(at)surety1(dot)com.