Illinois resident’s fund bonds.
From $100.
If your Illinois facility accepts and manages residents’ personal funds, the Nursing Home Care Act requires a surety bond to guarantee that money. It runs to the Illinois Department of Public Health for residents’ benefit — the bond prices at 2% of the bond amount, $100 minimum, with a quick soft credit check that never affects your score.
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How much does an Illinois resident’s fund bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps to filed.
Your IDPH licensure file is waiting on this bond. Here is the whole process — no broker phone tag:
Apply online
Your facility details, the maximum resident-fund figures, and the bond amount — that is the application, plus a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with the Department of Public Health
Receive the executed bond ready to file with IDPH, Division of Long-Term Care. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the resident’s fund bond actually covers
Illinois licenses long-term care facilities through the Department of Public Health under the Nursing Home Care Act (210 ILCS 45). Many residents ask the facility to hold and manage their personal spending money — and Section 2-201 conditions that on a surety bond, so the funds are safe even if the facility fails or mishandles them.
It is a three-party guarantee: the facility (the principal), the surety carrier, and the Department of Public Health (the obligee), with residents as the protected parties. If resident money is lost, misapplied, or not returned, a harmed resident can recover against the bond.
It is not insurance for the facility — if the surety pays a claim, the facility repays the surety. Facilities that keep clean trust-account records treat the bond as a licensure formality, not a risk. We track it and notify you 60 and 30 days before expiration so your licensure filing never lapses.
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 the Department of Public Health. Receive the executed bond ready to file with IDPH, Division of Long-Term Care. Wet-ink originals mailed whenever the Department insists.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Resident’s fund bond, handled today.
From $100, short application. Soft pull only, bond issued when you pay. Free until issued.