Nursing Facility Resident Trust Fund Bond (Patient Trust Bond)

Nursing Facility Resident Trust Fund Bond (Patient Trust Bond)

Nursing Facility Resident or Patient Trust Bonds ensure that all state laws and regulations are followed by the care facility and that all patient/resident trust funds are cared for in a financially responsible manner.

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What is a Nursing Facility Resident or Patient Trust Bond?

The Nursing Home / Patient Fund Bond is required for all long-term care facilities (nursing homes and assisted living facilities) and businesses that offer at-home care. The bond ensures all state laws and regulations are followed by the facility and that all trusts funds are cared for in a financially responsible manner.

Ready to purchase your Nursing Home/Patient Fund Bond? Call our team today!

 

Bonding Solutions | Nursing Facility Resident Trust Fund Bond (Patient Trust Bond)
Bonding Solutions | Nursing Facility Resident Trust Fund Bond (Patient Trust Bond)
Bonding Solutions | Nursing Facility Resident Trust Fund Bond (Patient Trust Bond)

How much will a Nursing Facility Resident Trust Fund Bond cost?

All facilities are required to purchase a $50,000 bond. Your business can expect to pay anywhere from 1 to 3% of that amount to purchase the bond. We have worked in the bond industry for the last 25 years so we can bring our clients the lowest bond rates. Give our office a call today for an instant no obligation quote. (877) 841-6745

Why is a Nursing Facility Resident Trust Fund Bond required?

The Nursing Facility Resident Trust Fund Bond protects patients and the families of their patients from unlawful and unethical actions of the facility in regards to a patient’s personal funds. The bond is required by these types of businesses per Section 483.10( c)(7) of the Code of Federal Regulations.

How do I get started?

Contact our office to fill out your bond application. Purchase your bond and receive a signed copy.

Have more questions you need answered? Give our office a call today (877) 841-6745 -or –

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