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…
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 bond…
Typical timeframe
Probate/fiduciary application — typically 3–5 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateTXBond amountVaries by license type or projectObligeeTexas Health and Human Services Commission (HHSC)Bond classGuardianship BondCategoryOtherBondPatient Funds Bond (Texas)Plain descriptionA 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 …Who needs this bondTexas 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 nu…