Tag: Bid Bonds

WATERLOO, Iowa - VGM Insurance Services has developed a new Competitive Bid Bond for HME providers who plan to bid in the next round of the bid program. CMS requires all bidders to obtain bid surety bonds from an authorized surety in the amount of $50,000 for each area in which they submit a bid. “The DMEPOS competitive bidding program is expected to open as early as June 2019 so providers should begin their preparations now if they intend to consider placing a bid in one or more of the 130...