Illinois patient trust fund bonds.
From $100.
Under the Nursing Home Care Act (210 ILCS 45/2-201), a long-term care facility that holds and manages residents' money must guarantee those funds, and this surety bond, filed with the Illinois Department of Public Health, provides that guarantee. It is sized to the resident funds you hold. Pricing is 1% of the bond amount, $100 minimum.
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How much does an Illinois patient trust fund 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 bond — enter your amount, pay, and file with IDPH. Here is the whole thing:
Apply online
Your facility details, the bond amount covering the resident funds you hold, and the effective date — that is the application.
Issued on the spot
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
File with IDPH
Submit the executed bond, together with Schedule A, to the Illinois Department of Public Health, Division of Long-Term Care Quality Assurance. Wet-ink originals mailed on request.
What it is and who needs it.
What the patient trust bond protects
Under the Nursing Home Care Act (210 ILCS 45/2-201), if a facility elects to accept and manage some or all of its residents' personal funds, it must purchase a surety bond — or otherwise provide self-insurance or another approved assurance — guaranteeing the security of those funds. The bond protects residents and their families against loss from the facility's mishandling of the money it holds in trust.
The bond is filed with the Illinois Department of Public Health, Division of Long-Term Care Quality Assurance, on the state's resident-fund surety bond form together with Schedule A. It is continuous and can be terminated by the surety only on 30 days' written notice to the facility, with a copy to IDPH.
There is no single statewide dollar figure — the bond is expected to be adequate for the trust funds your facility actually holds, so it scales with the money under management. Enter the amount that covers your resident funds and see your price; 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 IDPH. Submit the executed bond, together with Schedule A, to the Illinois Department of Public Health, Division of Long-Term Care Quality Assurance. Wet-ink originals mailed on request.
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 the amount covering your resident funds — the executed bond is generated instantly, ready to file with IDPH alongside Schedule A.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Patient trust fund bond, issued today.
From $100. Enter the amount covering your resident funds, see your price, and file with IDPH the same day.