A patient trust Bond ensures that the facility will not mismanage patients’ funds held within the trust. The Florida Agency for Health Care Administration has required the obtainment of the Patient Trust Surety Bond. The required bond amount is equal to twice the average monthly balance in the patient trust fund during the prior year or $5,000, whichever is greater. This bond ensures that nursing homes will properly and honestly manage patients’ funds, if agreed to do so by the patient.
Call us at (855) 952-6633 to speak with a Surety Bond Expert
What happens after I apply online for my Surety Bond?
Step #1: A Surety Bond underwriter will immediately review your application, if it has been fully completed.
Step #2: A friendly Surety Bond expert will reach out to you to explain your quote or request additional information.
Step #3: Once you accept your quote and pay any premium due, your Surety Bond will be issued and delivered immediately.