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Patient Funds Bond (Texas)

A Patient Funds Bond is required for nursing homes and other long-term care facilities in Texas that handle money or personal property belonging to their residents. The bond protects patients by guaranteeing they'll be reimbursed if the facility misuses or loses their funds. The Texas Health and Human Services Commiss…

Bond amountVaries by license type or project
State or jurisdictionTexas
ObligeeTexas Health and Human Services Commission (HHSC)

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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Overview

What it is.

A Patient Funds Bond is required for nursing homes and other long-term care facilities in Texas that handle money or personal property belonging to their residents. The bond protects patients by guaranteeing they'll be reimbursed if the facility misuses or loses their funds. The Texas Health and Human Services Commiss…

Who usually needs it

Texas nursing homes (nursing facilities) that manage residents' personal funds and seek certification as Medicaid providers must obtain this bond. This applies specifically to institutions providing 24-hour organized nursing care that hold residents' funds in trust accounts, or entities contracted to provide Medicaid Nursing Facility Services per Chapter 24…

Pricing & timing

What to expect.

Generic pricing

Guardianship bonds protect the interests of minors or incapacitated persons under court-appointed guardianship. Pricing Information:. Court bonds are reviewed case-by-case and must be approved before pricing can be provided. • Bond amount: Set by the court based on the ward's assets. • What affects pricing: Asset value, type of guardianship, credit and financial strength. • Collateral: May be required depending on asset value. • Ongoing requirement: Many guardianship bonds must be renewed annually. Guardianship bonds are typically required when a guardian manages significant financial assets. Court approval is required before issuance.

Your quote determines the actual premium.

Typical timeframe

Probate/fiduciary application — typically 3–5 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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