Essay On Medicaid Bonds
Medicare Bonds: things to know
Introduction
The Centers for Medicare & Medicaid Services (CMS) had made it mandatory in 2009 for medical equipment suppliers to obtain a Surety Bond. This bond termed as ‘Medicare or Medicaid Bond’ is required for Suppliers of Durable Medical Equipment, Prosthetics, Orthotics, and Supplies. The purpose of this bond is to prevent any medical abuse and fraud. If a supplier is found to be involved in any unethical activities such as selling unnecessary medical equipment to patients and billing the same to Medicare, a claim can be made against the suppliers. Who needs Medicaid bonds?
DMEPOS,' Durable medical equipment, Prosthetics, Orthotics, and Supplies’ suppliers need these bonds as a rule implemented under Section 4312(a) of the Balanced Budget Act of 1997.
Exemptions …show more content…
Getting a Medicaid bond online
Getting a surety bond can be a tiring and stressful process. You can buy Medicaid Bond online. The only Surety Bond agency in the United States is Suretegrity. It has all the technological needs that are required to sell Surety Bonds online.
The online agencies help buyers to get access to the bonds instantly. In most cases the approval is given by the system instantly. The buyers can use different modes of electronic payments. The received bond can be printed from anywhere, all one needs is the internet access.
Sometimes the application is not approved immediately, in that case, Surety professionals provide all the necessary help to the customers needed to buy Bonds online.
The sales are made directly by the online agency in which they allow the customers to apply, buy and print the bonds on their own. The second method of sales involves an agent that partners with the agency. The agent partners' web space offers automated bond application, underwriting, and
Introduction
The Centers for Medicare & Medicaid Services (CMS) had made it mandatory in 2009 for medical equipment suppliers to obtain a Surety Bond. This bond termed as ‘Medicare or Medicaid Bond’ is required for Suppliers of Durable Medical Equipment, Prosthetics, Orthotics, and Supplies. The purpose of this bond is to prevent any medical abuse and fraud. If a supplier is found to be involved in any unethical activities such as selling unnecessary medical equipment to patients and billing the same to Medicare, a claim can be made against the suppliers. Who needs Medicaid bonds?
DMEPOS,' Durable medical equipment, Prosthetics, Orthotics, and Supplies’ suppliers need these bonds as a rule implemented under Section 4312(a) of the Balanced Budget Act of 1997.
Exemptions …show more content…
Getting a Medicaid bond online
Getting a surety bond can be a tiring and stressful process. You can buy Medicaid Bond online. The only Surety Bond agency in the United States is Suretegrity. It has all the technological needs that are required to sell Surety Bonds online.
The online agencies help buyers to get access to the bonds instantly. In most cases the approval is given by the system instantly. The buyers can use different modes of electronic payments. The received bond can be printed from anywhere, all one needs is the internet access.
Sometimes the application is not approved immediately, in that case, Surety professionals provide all the necessary help to the customers needed to buy Bonds online.
The sales are made directly by the online agency in which they allow the customers to apply, buy and print the bonds on their own. The second method of sales involves an agent that partners with the agency. The agent partners' web space offers automated bond application, underwriting, and