CT patient trust funds bonds.
From $100. Enter your amount.
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 — your exact price appears at the application, which collects no credit information.
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Apply to filed in 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 entire application.
Issued on the spot
Most applications approve instantly — the application collects no credit information. If a check runs on a larger bond amount, it’s a quick soft pull that won’t touch 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; the application collects no credit information. If the surety pays a claim, you repay the surety.
You need this bond if you are
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.
Patient trust funds bond, issued today.
Premiums from $100. Enter your required amount and file the same day.