California Health Facility Patient Trust Fund Bond – Adult Residential/Social Rehabilitation
Bond Requirements & Set Rates
| Bond Amount Required | Bond Term | Annual Premium |
| Varies | 1 | Varies |
Professionals who operate adult residential facilities or social rehabilitation programs in California and manage residents’ personal funds must post a surety bond. Required by the California Department of Social Services (CDSS), the California health facility patient trust fund bond protects residents by ensuring their personal funds are properly handled and available when needed.
Cost of a California Health Facility Patient Trust Fund Bond
The premium for the adult residential and social rehab bond is typically a small percentage of the total bond amount.
Why You Need a Health Facility Patient Trust Fund Bond
Licensed health facilities that manage more than $25 per patient (or $500 total) in personal funds must post this California bond to protect those funds from mismanagement or theft.
The health facility patient trust fund bond involves three parties:
- Principal: Facility operator or licensee
- Obligee: California Department of Social Services
- Surety: Bonding company
If a resident suffers financial loss due to mismanagement, misuse, or failure to properly account for trust funds, a claim may be filed against the bond. The surety investigates the claim and, if valid, compensates the harmed party up to the bond amount. The bonded facility operator is then responsible for reimbursing the surety for the paid claim.
How to Get the California Health Facility Patient Trust Fund Bond
Securing the adult care facility bond is a straightforward process with NNA Surety:
- Complete this bond application with your facility and licensing information.
- Receive a quote based on the required bond amount.
- Pay the premium to activate your bond.
- Submit the bond to the California Department of Social Services.
Get Your California Health Facility Patient Trust Fund Bond Today
NNA Surety can help you stay compliant by meeting community care licensing bond requirements. Complete this form to get started or call 855-575-1063 for more information.