Competitive Bid Bonds 101 – What Providers Need to Know to Prepare for the Bid Window

With the bid window for the DMEPOS Round 2021 Competitive Bidding Program opening right around the corner on July 16, 2019, now is the time for providers to get prepared.

Along with other changes in Round 2021, CMS now requires that all bidders obtain a bid bond in the amount of $50,000 for each CBA in which they submit a bid. And the time to get your bid bond is NOW!

But what is a bid bond? How is it different from a surety bond? What information do you need to prepare in order to apply for a bid bond? And what does the process look like?

To answer all these questions and more, the experts at VGM Insurance will navigate providers through the process and provide everything you need to know about securing your bid bond.

This interactive webcast will:

  • Help providers understand what a bid bond is, how it’s different from a surety bond, and why you need to secure a bid bond for Round 2021
  • Provide an inside look at bid bonds from an underwriter’s perspective – including what surety companies are looking for in terms of financial requirements, and what information you need to prepare for the application process.
  • Provide an in-depth look at what providers can expect when securing their bid bonds, from start-to-finish.
  • Learn about VGM’s streamlined online bid bond application process.
  • Provide live Q&A to answer all your questions about bid bonds.

Bill Wilson, VP Sales and Marketing, VGM Insurance Services


Rick Rector, Publisher, HME News