|Deadline Approaching for DMEPOS Suppliers Not Exempted from CMS' Facility Accred. & Surety Bond|
REMINDER: Deadline Approaching for DMEPOS Suppliers Not Exempted from CMS' Facility Accreditation and Surety Bond Requirements
CMS reminds DMEPOS suppliers that certain suppliers (those not currently exempted from facility accreditation requirements, including credentialed pedorthists) will need to obtain and submit a $50,000 surety bond by the October 2, 2009 deadline or risk having their Medicare Part B billing privileges revoked. Additionally, suppliers subject to the bonding requirement must be bonded in order to bid in the DMEPOS competitive bidding program. A list of sureties from which a bond can be secured is found at the Department of the Treasury's "List of Certified (Surety Bond) Companies;” the web site is located at:
www.fms.treas.gov/c570/c570_a-z.html. You may also contact PFA's professional liability and commercial insurance program provider AON about a surety bond. Contact AON at 800-544-2672 for more information.
Alternatively, suppliers may choose to voluntarily terminate enrollment if they do not plan to comply. Again, Medicare suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS), unless exempt, must be accredited and obtain a surety bond by October 1, 2009 and October 2, 2009, respectively.
If you have made the decision not to obtain accreditation or a surety bond when required, you may want to voluntarily terminate your enrollment in the Medicare program before the implementation dates above. You can voluntary terminate your enrollment with the Medicare program by completing the sections associated with voluntary termination on page 4 of the Medicare enrollment application (CMS-855S). Once complete, you should sign, date and send the completed application to the National Supplier Clearinghouse (NSC). By voluntarily terminating your Medicare enrollment, you will preserve your right to re-enroll in Medicare once you meet the requirements to participate in the Medicare program.
If you do not comply with the accreditation and surety bond requirements and do not submit a voluntary termination, your Medicare billing privileges will be revoked. A revocation will bar you from re-enrolling in Medicare for at least one year after the date of revocation.
Suppliers who do not plan to stay enrolled in Medicare are strongly encouraged to notify their beneficiaries as soon as possible so the beneficiary can find another supplier.
Click here for additional information regarding DMEPOS accreditation or the provisions associated with a surety bond.
Click here for Frequently Asked Questions (FAQs) on the surety bond requirement from the National Supplier Clearinghouse.