VGM Insurance to Provide $100K Bid Surety Bond for DME Competitive Bidding

WATERLOO, Iowa—VGM Insurance announced that it is ready to provide the $100,000 bid surety bond required by the Centers for Medicare & Medicaid Services (CMS) for the upcoming durable medical equipment, prosthetics and orthotics supplies competitive bidding program round in 2028. 

The company said this offering gives home medical equipment (HME) and orthotic and prosthetic (O&P) suppliers the support they need to participate in the next round of bidding with confidence.

While VGM Insurance facilitates durable medical equipment, prosthetics and orthotics supplies (DMEPOS) bid bonds, the bonds are issued through Lexon Insurance Company, VGM Insurance’s surety carrier partner. Lexon Insurance Company is included on the CMS list of accepted surety bond providers, making VGM Insurance an approved vendor for the bonds providers need to bid.

“The bid window is expected to open in late fall 2026—which means the time to line up your bid surety bond is now, not when the window opens,” VGM said. “Suppliers who prepare early can avoid last-minute delays and be positioned to submit their bids as soon as CMS releases final guidance.”

Providers interested in obtaining a Round 2028 bid surety bond are encouraged to submit their request now.

“At VGM Insurance, our priority is helping members and industry partners navigate complex industry requirements with practical, reliable solutions,” said Jim Nygren, president of VGM Insurance. “While we continue advocating for improvements to the competitive bidding program, we are pleased to offer access to CMS-approved surety products that meet both Bid Bond and DMEPOS surety bond requirements. We encourage providers to submit their bid bond requests now, so our team is ready to provide prompt support as soon as CMS releases final guidance.”