Surety Bond Beware
Sara Beck
Description
Collection
Title:
Surety Bond Beware
Creator:
Sara Beck
Date:
9/18/2014
Text:
For those of you contemplating purchasing a su
SURETY BOND BEWARE
For those of you contemplating purchasing a surety bond, please
be aware of the following exemption:
The Social Security Act, 42 CFR 424.57(d)(15)(i)(B), states as
follows: State-licensed orthotic and prosthetic personnel in
private practice making custom-made orthotics and prosthetics are provided an
exception to the surety bond requirements if : (1) the business
is solely-owned and operated by the orthotic and prosthetic personnel, and (2)
the business is only billing for orthotics, prosthetics, and supplies.” The practitioner must therefore be 'making
custom-made orthotics and prosthetics.’
My company opted out of providing pedorthotics (therapeutic shoes/inserts,
etc); therefore, was awarded the exemption and was not required to purchase a
bond to service Medicare beneficiaries with orthotics & prosthetics.
A surety bond is simply a protection for Medicare, not for the
provider. It only assures that Medicare
will get paid, in the event of an overpayment(s).
Please also confirm this with you Medicare region, as I
have.
Sara Beck
Appeals Specialist
San Joaquin Orthotics & Prosthetics
2211 N. California Street
Stockton, CA 95204
209.932.0170
209.932.0172 Fax
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OANDP-L is a forum for the discussion of topics
related to Orthotics and Prosthetics.
Public commercial postings are forbidden. Responses to inquiries
should not be sent to the entire oandp-l list. Professional credentials
or affiliations should be used in all communications.
SURETY BOND BEWARE
For those of you contemplating purchasing a surety bond, please
be aware of the following exemption:
The Social Security Act, 42 CFR 424.57(d)(15)(i)(B), states as
follows: State-licensed orthotic and prosthetic personnel in
private practice making custom-made orthotics and prosthetics are provided an
exception to the surety bond requirements if : (1) the business
is solely-owned and operated by the orthotic and prosthetic personnel, and (2)
the business is only billing for orthotics, prosthetics, and supplies.” The practitioner must therefore be 'making
custom-made orthotics and prosthetics.’
My company opted out of providing pedorthotics (therapeutic shoes/inserts,
etc); therefore, was awarded the exemption and was not required to purchase a
bond to service Medicare beneficiaries with orthotics & prosthetics.
A surety bond is simply a protection for Medicare, not for the
provider. It only assures that Medicare
will get paid, in the event of an overpayment(s).
Please also confirm this with you Medicare region, as I
have.
Sara Beck
Appeals Specialist
San Joaquin Orthotics & Prosthetics
2211 N. California Street
Stockton, CA 95204
209.932.0170
209.932.0172 Fax
RAC Support
RAC Support
This is an open forum to receive practical Medicare audit information and tips. We will provide...
View on www.facebook.com Preview by Yahoo
********************
To unsubscribe, send a message to: <Email Address Redacted> with
the words UNSUB OANDP-L in the body of the
message.
If you have a problem unsubscribing,or have other
questions, send e-mail to the moderator
Paul E. Prusakowski,CPO at <Email Address Redacted>
OANDP-L is a forum for the discussion of topics
related to Orthotics and Prosthetics.
Public commercial postings are forbidden. Responses to inquiries
should not be sent to the entire oandp-l list. Professional credentials
or affiliations should be used in all communications.
Citation
Sara Beck, “Surety Bond Beware,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 2, 2024, https://library.drfop.org/items/show/236775.
