IN patient trust funds bonds.
From $100. Enter your amount.
When an Indiana nursing facility holds residents’ personal funds in trust, it must post a bond protecting that money. The requirement sits in IC 16-28-14 and the resident-funds rule at 410 IAC 16.2. Pricing is 1% of the bond amount, $100 minimum — enter the amount your facility holds and your exact price appears.
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Apply to filed in one sitting.
No underwriting queue for the standard patient trust bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your facility details, the bond amount tied to the resident funds you hold, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, and most bonds issue instantly — the executed bond is generated as soon as you pay. Larger amounts may get a quick soft-pull review that never affects your score.
File and keep the funds protected
Hold the executed bond as the resident-funds rule requires, available for your Indiana Department of Health survey. Wet-ink originals mailed whenever you need them.
What it is and who needs it.
What the patient trust bond actually covers
Many nursing-facility residents let the facility hold and manage their personal spending money — small accounts for incidentals, paid out at the resident’s request. Indiana requires a facility that manages those funds to protect them against loss, so a resident’s money is safe even if the facility mishandles it or fails.
The requirement comes from IC 16-28-14 and the protection-of-resident-funds rule at 410 IAC 16.2-3.1-6, which require security — commonly a surety bond — covering the resident funds the facility holds in trust. The bond is held for the benefit of the residents whose money is at stake.
If a facility misuses or loses resident trust funds, the affected residents can recover against the bond. If the surety pays a claim, the facility repays the surety. The bond amount tracks the balance the facility holds — enter that figure and your exact price appears, starting from $100.
You need this bond if you are
One application, issued on the spot.
Submit the application with the bond amount tied to the resident funds you hold — the executed bond is generated instantly, ready to hold and present at survey.
Start the application →Common questions.
Other Indiana bonds.
Patient trust funds bond, issued today.
From $100. Enter the funds you hold and file the same day.