Minnesota DMEPOS Supplier Bond Guide
If you are a Minnesota DMEPOS supplier wishing to enroll in the Medicare program, the Department of Human Services requires you to file a surety bond.
Bond Overview
- Purpose: To minimize Medicare billing fraud and ensure legal business practices
- Who Needs It: Suppliers of durable medical equipment, prosthetics, orthotics and supplies in Minnesota that bill Medicare
- Regulating Body: The Minnesota Department of Human Services (MDHS)
- Required Amount: $50,000
- Premium Rates: Credit based, starting at $275 (0.55%)
Keep scrolling to learn more about how DMEPOS supplier bonds work in Minnesota.
What Is a Minnesota DMEPOS Supplier Bond?
A Minnesota DMEPOS supplier bond is a type of surety bond that helps prevent Medicare billing fraud by medical practitioners. This bond is required by Minnesota Health Care Programs (MHCP) for Medicare and Medicaid enrollment.
We also issue federal DMEPOS supplier bonds. Visit our guide to learn more and apply.
How Much Do DMEPOS Supplier Bonds Cost in Minnesota?
Prices start as low as $275 for the $50,000 DMEPOS bond required by the state of Minnesota. Exact rates may vary between 0.55% and 10% of the bond amount based on credit score. Apply now for an exact quote.
SuretyBonds.com offers the lowest rates available from our nationwide network of surety providers with no fees.
How Does a Minnesota DMEPOS Supplier Bond Work?
DMEPOS supplier bonds create a legally-binding contract between three parties:
- Principal: The Minnesota DMEPOS supplier
- Obligee: The Minnesota Department of Human Services
- Surety: The provider issuing the bond
If you, as the principal, break the bond terms, the MDHS or other harmed parties can file claims.
The surety will distribute valid claims up to the full $50,000 bond amount which you are ultimately responsible for refunding.
Who Needs a DMEPOS Supplier Bond?
Under Minnesota Statute 256B, all durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) medical suppliers in Minnesota that receive Medicaid funds must purchase a $50,000 bond for initial enrollment.
The following medical suppliers are exempt from the bond requirement:
- Home health agencies
- Pharmacies
- Rural health clinics
- The Indian Health Service
- Federally-qualified health centers
How Do I Get a DMEPOS Supplier Bond in Minnesota?
SuretyBonds.com provides the fastest and easiest way to get a Minnesota DMEPOS supplier bond:
- Apply: Submit a quick online request form
- Quote: Receive your free quote within one business day
- Purchase: Pay for your invoice online or over the phone
- Receive: Select your preferred shipping method for the official bond documents
Upon receipt, file the bond forms with the DHS to become officially bonded.
How Do I Renew My DMEPOS Supplier Bond?
DMEPOS supplier bonds expire annually. When you work with SuretyBonds.com, we’ll contact you starting 90 days before your expiration date.
Just pay your renewal invoice and we’ll issue a new bond form to keep you licensed and bonded for another year.
How to Become a DMEPOS Supplier in Minnesota
Complete the following steps to complete the Minnesota DMEPOS supplier enrollment process:
- Enroll in the Medicare program
- Apply for your DMEPOS supplier license online using the MPSE portal
- Upload your DMEPOS surety bond and Form DHS-4138 Form OR Form DHS-8355
For more licensing information, check out the resources linked below.
