Emergency medical service providers can offer a subscription service to their patients for providing such services within a certain service area. But first, the provider will need to file a Subscription Program Surety Bond to guarantee the Texas Department of Health that subscribers will not suffer monetary losses.
If you are an Emergency Medical Services (EMS) provider looking for a Subscription Program Bond to be able to carry out such a program, look no further than Jet. Apply now to get your quote so you can focus on any other paperwork for your authorization.
You may be able to purchase your Subscription Program Bond for as low as $100 with Jet! One of the biggest factors that will affect the cost of your bond is the required bond limit which must be in the same amount as the subscription funds. See the chart below for starting rates at different limits.
Your quote is based on a couple of other factors as well, like a soft credit check and personal and business financial statements.
To apply for a Subscription Program Bond quote, click the button at the top of the page to get started. You will be walked through adding general business information used for the quote. A soft credit check is part of the application, and your social security number will need to be submitted (this will not affect your credit score). Then, your application will be submitted for review and any additional information will be requested at this time, if necessary.
Once your quote is ready, Jet will email it to you and you can purchase by simply clicking the link in that email, selecting your bond term, and adding in a payment method. You will receive a digital copy of your bond and a receipt through email and the physical copy will be mailed over. The bond form must be signed before you mail it to the address below:
Texas Department of Health
PO Box 149347
Austin, TX 78714-9347
To renew your bond, Jet makes it easy: we send a renewal notice through via standard mail and email so you don’t miss it! Any updates to your bond (like the limit) will need to be addressed at this time so your quote will be correct. You will get the quote for the new term through email and all you will have to do is provide payment. Jet will take care of the paperwork.
If you need to cancel your bond, send Jet an email at [email protected] to start the cancellation process. The Department will keep the bond active for 60 days (which counts as the active period of your bond). Once the cancellation is final, Jet will calculate a refund based on the unused time.
There are two main ways to prevent a claim on an EMS Subscription Program Bond:
In simpler terms, you (as a subscription program provider) are obligated to fulfill your contract with the participants in your program or give refunds when you can’t, in compliance with Chapter 77 of the Health and Safety Code and Chapter 157 of the Texas Administrative Code. So, even if you are unable to service the subscribers, you still have a chance to make it right by compensating them for your failures.
If you cannot or will not provide compensation, action will be taken on the bond. You will receive a claim filing and will have to contact Jet right away. Our team will look into the accusation to see whether it has any merit and if there is any way to satisfy the complaint before further proceedings.
A claim that is legitimate will force Jet into paying the amount of the claim to the injured person. Keep in mind that multiple claims can be filed, but a payout cannot be more than the bond limit. If the sum of the claims is more than the bond limit, Jet can only pay out the claims “pro-rata”, or in proportion to the damages not exceeding the limit.
In the end, if a claim is paid out, you are responsible for paying Jet back in the amount of the payout. So, it’s best to just make sure you compensate appropriately in the first place.
An EMS provider may also need to file a $50,000 bond with the Health and Human Services Commission if participating in the following programs:
Additionally, the provider will need to file a letter of credit to receive their license. The amounts are listed below: