Montana resident trust fund bonds.
From $100.
When a Montana nursing facility holds residents’ personal spending money in trust, federal law requires it be secured — and a surety bond is the accepted way to do it. The amount tracks the funds you hold for residents. Premiums start from $100, and no credit check up to $250,000.
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How much does a Montana resident 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 resident trust bond — enter your amount, pay, and you have the executed bond. Here is the whole thing:
Apply online
Facility details, the bond amount covering the 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 your survey / Medicaid record
Keep the executed bond on file as evidence the trust funds are secured, ready for survey and your DPHHS provider record. Wet-ink originals mailed on request.
What it is and who needs it.
What the resident trust bond actually covers
A nursing facility often manages small sums of residents’ personal money — spending accounts for haircuts, snacks, sundries. Federal nursing-home rules at 42 CFR 483.10(f)(10) require any facility that holds those funds to secure them by surety bond or equivalent, so a resident is made whole if the money is mismanaged or the facility fails.
In Montana, facilities certified for Medicaid through the Department of Public Health and Human Services (DPHHS) meet this requirement as a condition of participation. The bond is sized to the amount of resident funds held in trust — you set it to your trust account balance, with a little headroom for fluctuation.
It protects the residents as the beneficiaries: if the facility misapplies their funds, a resident (or the state on their behalf) can recover against the bond. If the surety pays a claim, the facility repays the surety — it is a guarantee of honest stewardship, not insurance for the facility. Premiums start from $100, and 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 your survey / Medicaid record. Keep the executed bond on file as evidence the trust funds are secured, ready for survey and your DPHHS provider record. 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 bond amount that covers the funds you hold — the executed bond is generated instantly, ready to keep on file.
Start the application →Common questions.
Other Montana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Resident trust funds, secured today.
Premiums from $100. Enter the funds you hold and have the bond on file the same day.