This info-graphic titled Top Reasons You should be Looking for Medicare & Medicaid Bonds’ provides us an overview of Medicare Bonds The Centers for Medicare and Medicaid Services implanted a bonding requirement in 2009 intending to curb medical billing fraud by physicians or medical practitioners. Most suppliers of lasting medical equipment, prosthetics & orthotics, and supplies must file a $50,000 surety before they can bill for Medicare.
Here, the center for Medicare and Medicaid Services intends to:
Medicare surety bonds renew yearly and stay in place as long as you resource your license. The annual premium is often only 0.5% of the bond amount but may be high in some circumstances. The underwriting is typically a simple one-page petition used to soft pull your credit, although now and again additional information may be required. For more information, please refer to the info-graphic below.
