What Is a Patient Trust Fund Bond?
A patient trust fund bond is a state‑required surety bond for healthcare facilities that manage resident or patient funds. It guarantees that the facility will handle all money ethically, accurately, and in compliance with state law.
This bond protects patients and residents from:
- Misuse of personal funds
- Theft or fraud
- Accounting errors
- Mishandling of trust accounts
- Violations of healthcare financial regulations
If your facility manages patient money, your state may require this bond before granting or renewing your license.
Patient Trust Fund Bond Amount & Cost
Bond amounts vary by state and are often based on:
- The total amount of patient funds held
- Facility size
- State‑mandated minimums
Your cost depends on:
- Bond amount
- Credit score
- Facility financials
- State regulations
Most applicants qualify instantly with competitive rates.
Who Needs a Patient Trust Fund Bond?
You may need a patient trust fund bond if you operate:
- Nursing homes
- Assisted living facilities
- Residential care homes
- Memory care facilities
- Intermediate care facilities
- Group homes
- Long‑term care centers
Any facility that manages resident or patient funds may be required to file this bond.
Requirements & Eligibility
States typically require:
- Proof of facility licensing
- State‑mandated bond amount
- Credit review
- Compliance with healthcare trust fund laws
- Annual renewal
Some states adjust bond amounts based on the total funds held in trust.
How the process works in three easy steps
1
Complete the App
Complete the 60‑second application
2
Secure the low rates
We secure the lowest rate available
3
Receive your bond
You receive your same day bond issuance for state filing
Why Choose Us?
Lowest rates from A‑rated sureties
Fast approvals
Digital delivery
- Healthcare bond specialists
- 100% state compliance guaranteed
Top questions answered
Our most common questions answered efficiently.
Pricing depends on the bond amount and your credit. Most bonds are affordable and approved quickly.
Most applicants receive same‑day approval.
It guarantees that patient funds will be handled ethically and in compliance with state law.
Bonds are generally non‑refundable once issued.
Yes — your bond must remain active for your facility license to stay valid.
