VGM Insurance is now offering members of the American Association for Homecare discounted pricing on its surety bonds for billing Medicare and HME provider-specific liability insurance under a new agreement reached by the two associations.
Under the agreement, VGM Insurance will give AAHomecare members a 10 percent discount on surety bond premiums and liability insurance premiums. The premium discounts will be available to AAHomecare member companies purchasing directly from VGM Insurance, as well as to those purchasing through their insurance agent of choice.
The agreement is timely, given that providers are entering new re-bids of Rounds One and Two of competitive bidding, and surety bonds are required for billing DMEPOS claims to Medicare.
“We are excited to partner with VGM Insurance to provide these essential bond and insurance products at significant savings,” AAHomecare President and CEO Tom Ryan said. “This new program is just the latest example of VGM’s longstanding commitment to delivering a wide range of financial products and services that has helped HME providers nationwide to grow and thrive.”
“VGM Insurance has worked extensively with the insurance marketplace for 25 years to create customized products for the Homecare industry,” added Bill Wilson, vice president of sales and marketing for VGM Insurance. “We are especially pleased to be able to offer these products at additional savings to AAHomecare members in recognition of their investment in the future success of the HME business through membership in the Association.”
VGM Insurance also offers other insurance products for HME providers, such as property, business auto, worker’s compensation and cyber liability.
Providers can find more details on the program at aahomecare.org and vgminsurance.com.