Missouri patient trust fund bonds.
From $100.
A Missouri long-term care facility that holds residents’ personal funds in trust must file a bond with the Department of Health and Senior Services under RSMo 198.096. The amount is one and one-half times the average monthly balance of those trust accounts. Pricing starts from $100.
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How much does a Missouri 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 fund bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your facility details, the bond amount the statute requires, and the effective date — that is the application.
Issued on the spot
No credit check up to $250,000, and most applicants are approved instantly the moment they pay.
File with Health & Senior Services
Submit the executed bond to the Department of Health and Senior Services. Wet-ink originals mailed whenever the department insists on them.
What it is and who needs it.
What the patient trust fund bond actually covers
Missouri long-term care facilities are regulated under Chapter 198, RSMo by the Department of Health and Senior Services. When a facility holds residents’ personal funds in trust under RSMo 198.090, RSMo 198.096 requires it to obtain and file a bond protecting that money.
The bond is conditioned that the operator will comply with the trust-fund rules and not wrongfully deprive a resident, former resident, or a former resident’s estate of money held in trust. If a facility mishandles or wrongfully withholds residents’ personal funds, those residents can recover against the bond.
The amount is one and one-half times the average monthly balance (or average of the monthly balances) of the residents’ personal-funds accounts for the preceding twelve months, rounded to the nearest $1,000. For a new facility, the department sets the amount based on size, type, and resident count. A facility may post a cash deposit under an approved escrow agreement instead of a bond.
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 Health & Senior Services. Submit the executed bond to the Department of Health and Senior Services. Wet-ink originals mailed whenever the department insists on 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 the bond amount the statute requires — the executed bond is generated instantly, ready to file with Health & Senior Services.
Start the application →Common questions.
Other Missouri bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Patient trust fund bond, issued today.
Pricing from $100. Enter your required amount and see your exact price instantly.