Someone called today and asked what a DME bond is?  A DME bond is a Durable Medical Equipment Bond that has been approved and signed into law by the federal government.   

DME stands for durable medical equipment. These are devices, like wheelchairs, that Medicare provides for home health care. Suppliers of this equipment must purchase a surety bond each year. It is a government requirement. A DME Surety Bond, or a DME Bond, serves as a guarantee that a DME supplier will operate their business in accordance with government regulations. Find out more about DME surety bonds on our DME Bond Program page or Apply Now Online.

Here are a few things to keep in mind when you are choosing a bond provider. You may get a better rate working with a surety agent versus an insurance agent because they specialize in underwriting surety bonds. If you have bad credit, finding a surety agency that works with a large group of sureties may help you get approved. If you need a bond quickly, find a surety agency that has in-house authority. This means that they can approve your bond without sending it to a surety to review and approve. The Surety Group has in-house underwriting authority and works with dozens of sureties.