Express Scripts indemnity bonds.
$10,000 flat.
Express Scripts requires an independent pharmacy joining its network to post a $500,000 indemnity (performance) bond guaranteeing the pharmacy will meet its network provider agreement. Ours is $10,000 flat — the price you see is the checkout price — issued by an A.M. Best–rated carrier that satisfies Express Scripts' credentialing requirement.
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Three steps. One sitting.
Network credentialing bonds like this one move fast once the paperwork is in front of you. Here's the entire process:
Apply online
Pharmacy details, entity type, your Express Scripts agreement date, and anticipated volume — plus the business and owner financial statements Express Scripts asks the underwriter to see.
Underwrite & pay
Because the carrier reviews financial statements for this bond, issuance is not instant — most pharmacies clear underwriting and pay within a few business days.
File with Express Scripts
Your executed bond arrives by email, ready to submit to Express Scripts Network Credentialing to complete your provider agreement. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
An independent pharmacy that wants to fill prescriptions for patients on an Express Scripts–administered plan has to sign a network provider agreement with Express Scripts, Inc., a pharmacy benefit manager. As a condition of that agreement, Express Scripts' Network Credentialing group requires the pharmacy to post a $500,000 indemnity bond — sometimes called a performance bond — running continuously for a minimum term before it will activate the pharmacy in its network.
It's a three-party arrangement: the pharmacy (the principal), the surety carrier, and Express Scripts (the obligee), protecting the medical plan sponsors whose exposure Express Scripts assumes. If the pharmacy fails to adhere to the provisions of its network agreement, Express Scripts can make a claim against the bond up to the $500,000 penal sum.
It is not insurance for the pharmacy — if the surety pays a claim, the pharmacy repays the surety. Because the exposure turns on the pharmacy's financial strength, the carrier reviews the business's year-end financial statement and the owner's personal financial statement as part of underwriting, alongside a soft credit authorization on the application.
You need this bond if you're
One application, plus your financials.
Business details and an effective date online — Express Scripts also asks the underwriter to see your year-end business financial statement and the owner's personal financial statement.
Start the application →Common questions.
Other Federal bonds.
Get credentialed with Express Scripts.
$10,000 flat, soft pull only. Free until issued.