ATLANTA (October 28, 2015)—American Association for Homecare members will receive discounted pricing on DMEPOS surety bonds and liability insurance from VGM Insurance tailored to the home medical equipment business, according to an agreement announced today at Medtrade.
Under the new program, AAHomecare members will receive a 10 percent discount on surety bond premiums and liability insurance premiums. In addition, VGM offers other insurance products designed especially for HME providers, including property, business auto, worker¹s compensation and cyber liability.
“We are excited to partner with VGM Insurance to provide these essential bond and insurance products at significant savings,” said Tom Ryan, AAHomecare president & CEO. “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’s new surety bond offerings are especially timely, as these kinds of bonds will be required to participate in future rounds of Medicare competitive bidding for many home medical equipment categories, as mandated by comprehensive health care legislation signed into law in April 2015.
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.
Visit aahomecare.org and vgminsurance.com to learn more.
