Medicaid provider bond cost
The Texas Health and Human Services Commission requires medicaid providers to post $50,000 surety bonds. These bonds are subject to underwriting, which means the price you’ll pay for your surety bond depends on a review of your personal credit report.Regardless of your credit situation, our team of surety specialists will work hard to get you bonded for the lowest price possible.
Why this bond
Texas Medicaid provider bonds exist to ensure that principals (companies, agencies and health providers that allow patients to use Medicaid as an insurance method) pay the state any uncollected over payments.
If a Medicaid provider fails to pay the state or charges the state for more Medicaid coverage than their patients’ needs, the bond protects the state from any resulting financial loss up to the full penal sum of the bond.
Medicaid provider bond details
Medicaid provider bonds in Texas are continuous until canceled. The surety or principal can cancel the bond by providing written notice of cancellation to the Health and Human Services Commission. Cancellation becomes effective 30 days after the notice of cancellation is sent, provided the notice is actually received by the HHSC.
Become a medicaid provider
To become a licensed HCSSA provider in Texas, applicants must:
- complete the presurvey computer-based training
- properly complete the license application
- include all required documents
- pay the required license fee
- be approved by the Department of Aging and Disability Services
Take the first step toward becoming a Medicaid provider in Texas by submitting a bond request today!
Apply for your surety bond
Get a FREE Texas Medicaid Provider Bond Quote Today! Click here to begin