Arkansas patient trust funds bonds.
From $100.
The surety an Arkansas nursing facility posts to protect the resident funds it holds in trust — a condition of participating as a Medicaid provider. The amount tracks your residents’ trust balance; premiums start at $100, with your exact price shown at the application. No credit check up to $250,000.
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How much does an Arkansas patient trust funds bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard trust-funds bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your facility details, the bond amount your trust balance requires, and the effective date — that is the application.
Issued on the spot
No credit check up to $250,000.
File with your Medicaid enrollment
Submit the executed bond as your survey or Medicaid enrollment requires. Wet-ink originals mailed whenever you need them.
What it is and who needs it.
What the trust-funds bond actually covers
When a nursing facility manages money on behalf of its residents — a resident or patient trust fund — federal nursing-facility requirements (42 C.F.R. 483.10) call for the facility to purchase a surety bond or equivalent assurance to protect those funds. Arkansas enforces this through its Medicaid program.
The Arkansas Department of Human Services requires a facility that holds resident funds in trust to maintain this bond as a condition of enrolling and remaining as a Medicaid provider. The bond is sized to the balance of the resident trust funds you hold, which is why facilities update it as that balance changes — many carry $50,000.
If a facility mismanages or fails to account for residents’ money, the bond is a source of recovery for the harmed residents. It is not insurance for the facility — if the surety pays a claim, the facility repays the surety. Premiums start at $100, and your exact price appears at the application. No credit check up to $250,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your Medicaid enrollment. Submit the executed bond as your survey or Medicaid enrollment requires. Wet-ink originals mailed whenever you need them.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with your required bond amount — the executed trust-funds bond is generated instantly, ready to file.
Start the application →Common questions.
Other Arkansas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Patient trust funds bond, issued today.
Premiums from $100. Enter your trust balance and file the same day.