Patient Trust Surety Bond

A Patient Trust Surety Bond is a bond required by certain government entities of long –term care facilities. The bond ensures that the facility will not improperly manage the patient’s funds held in trust for their patients. The bond may also make sure that if the facility is paying a third party on behalf of the patient by ensuring the third party is paid in timely and correct manner. These bonds are required by facilities that provide care to patients in their home or at the facility itself.