Connecticut patient trust funds bonds.
From $100.
When a Connecticut care facility manages residents’ personal funds under C.G.S. 19a-551, a surety bond can be required to guarantee those funds are handled honestly and kept separate from the facility’s own money. Premiums are priced at 1% of the bond amount, $100 minimum. No credit check up to $250,000.
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How much does a Connecticut 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 patient trust funds bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your facility details, the bond amount required, and the effective date — that is the application.
Issued on the spot
Most applications approve instantly. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
File where it’s required
Submit the executed bond to the agency or program that requested it. Wet-ink originals mailed whenever they insist.
What it is and who needs it.
What the patient trust funds bond actually covers
Connecticut nursing homes and residential care homes may, with a resident’s written consent, manage that resident’s personal funds under C.G.S. 19a-551. The statute requires the facility to keep those funds in separate resident accounts or an aggregate trust account, so they are never commingled with the facility’s own money, and to account for them on request.
A surety bond backing those funds is a resident-protection guarantee. It protects residents (and the program overseeing the facility) against loss if the facility mishandles, misappropriates, or fails to return personal funds it holds in trust. Federal Medicaid/Medicare participation rules similarly require facilities to assure that residents’ funds are secure, often through a bond.
Because the amount depends on the funds you hold and the requirement that applies to you, there is no single statutory figure here — enter the amount you were asked to bond. We issue it at 1% of the bond amount, $100 minimum; no credit check up to $250,000. If the surety pays a claim, you repay the surety.
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 where it’s required. Submit the executed bond to the agency or program that requested it. Wet-ink originals mailed whenever they insist.
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 bond is generated instantly, ready to file.
Start the application →Common questions.
Other Connecticut bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Patient trust funds bond, issued today.
Premiums from $100. Enter your required amount and file the same day.