WA nursing facility resident funds bonds.
From $100.
When a Washington nursing facility holds personal funds for its residents, it must secure those funds with a surety bond — a requirement of DSHS under WAC 388-97-0340 and federal law (42 CFR 483.10). The amount tracks the funds you hold. Pricing is 1% of your bond amount, $100 minimum, and your exact price appears at the application.
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Apply to filed in one sitting.
No credit section to fill out for the standard resident-funds bond — enter your amount, apply, and file. Here is the whole thing:
Apply online
Your facility details, the bond amount that covers the funds you hold, and the effective date — that is the entire application, with no credit section.
Priced and issued
Applicants are priced at 1% of the bond amount, $100 minimum, and issued instantly. If a check runs, it is a soft pull that never affects your score.
File and keep managing resident funds
Hold the executed bond as DSHS requires while you manage residents’ personal funds. Wet-ink originals mailed whenever the agency insists.
What it is and who needs it.
What the resident funds bond actually covers
When a Washington nursing facility agrees to hold and manage a resident's personal funds, federal law (42 CFR 483.10) and DSHS rules require it to purchase a surety bond — or an approved alternative — to assure the security of those funds. It is a condition of operating as a Medicaid- and Medicare-certified facility.
The bond protects residents and their funds against loss from theft, mismanagement, or the facility's insolvency. If resident money entrusted to the facility is lost and the facility cannot make it whole, a claim can be paid against the bond.
The amount is sized to the resident personal funds the facility holds in its trust account, so it scales with your census and balances rather than being a single fixed figure. Confirm the required amount with DSHS — pricing is 1% of the bond amount, $100 minimum, and the application collects no credit information at the standard amount.
You need this bond if you are
One application, issued on the spot.
Submit the application with the amount that covers the resident funds you hold — priced at 1% of the bond amount, $100 minimum, and issued on the spot.
Start the application →Common questions.
Other Washington bonds.
Resident funds bond, issued today.
1% of the bond amount with a $100 minimum. Enter the amount you hold and file the same day.