AL patient trust funds bonds.
From $100. Enter your amount.
If your Alabama nursing facility holds resident funds in trust and participates in Medicaid, the Alabama Medicaid Agency requires a surety bond protecting those funds — consistent with federal 42 CFR 483.10. The price is 1% of the bond amount, $100 minimum — the application collects no credit information, and your exact price appears at the application.
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Apply to issued in one sitting.
No underwriting queue for the standard patient trust funds bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your facility details, the bond amount, and the effective date — that is the entire application.
Issued on the spot
No credit fields on this application, and no waiting — the executed bond is generated as soon as you pay. If a check ever runs on a larger amount, it is a quick soft pull that will not affect your score.
File with the Medicaid Agency
Submit the executed bond with your nursing facility Medicaid enrollment or revalidation. Wet-ink originals mailed whenever they insist on them.
What it is and who needs it.
What the patient trust funds bond actually covers
Many nursing facilities manage small personal-funds accounts for residents — spending money and benefit deposits the facility holds in trust. Federal law, 42 CFR 483.10, requires a long-term care facility that manages resident funds to purchase a surety bond or otherwise assure the security of those funds.
Alabama implements that through the Alabama Medicaid Agency: a nursing facility holding resident trust funds must carry the bond to enroll and stay enrolled as a Medicaid provider (long-term care rules, Admin. Code ch. 560-X-10). The bond protects residents against mismanagement of their trust-account funds.
The amount generally tracks the total resident funds you hold, so it scales with your census and balances. If a facility misuses resident money, residents can recover against the bond — and if the surety pays, the facility repays the surety. Enter the figure the Medicaid Agency expects and we issue it — premiums are 1% of the bond amount, $100 minimum.
You need this bond if you are
One application, issued on the spot.
Submit the application with your required bond amount — the executed bond is generated instantly, ready to file with the Medicaid Agency.
Start the application →Common questions.
Other Alabama bonds.
Patient trust funds bond, issued today.
1% of the bond amount, $100 minimum. Enter the funds you hold and file with the Medicaid Agency the same day.