Arizona Health Facility Regulation Bond Guide
If you’re opening a nursing facility in Arizona, you’ll likely need this surety bond.
Bond Overview
- Purpose: To protect patient trust funds
- Who Needs It: Nursing homes with custody of patient funds in Arizona
- Regulating Body: The Arizona Department of Health Services
- Required Coverage: $5,000
- Premium Rate: $50–$500 based on credit score
Learn all about the bond requirements and process in this guide.
What Is an Arizona Health Facility Regulation or Patient Trust Bond?
An Arizona health facility regulation bond, also known as a patient trust fund bond, protects nursing home residents from fraud or theft.
The Arizona Department of Health Services (DHS) requires this bond as part of the licensing process for nursing facilities with access to manage patient trusts.
Under the bond terms, nursing facilities are held financially responsible for honestly and properly handling funds.
How Much Do Patient Trust Bonds Cost in Arizona?
Arizona health facility regulation or patient trust bonds cost a small percentage of the $5,000 bond amount, typically $50–$500.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Arizona patient trust bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the DHS as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Arizona Health Facility Regulation Bond Work?
As with all surety bonds, a health facility regulation bond creates a legal contract between three parties:
- Principal: You, the nursing home owner(s) filing the bond
- Obligee: The Arizona Department of Health Services requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for properly managing and administering funds.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your health facility regulation bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.
