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Florida Leased Nursing Home Bond

How much does a leased nursing home bond cost in Florida?

The Florida Agency for Health Care Administration requires leased nursing homes to post surety bonds in varying amounts prior to conducting business. The required bond amount must be equal to the 3-month average of the last 12 months of total medicaid payments. Applicants should verify their required bond amount and the term of the bond with the state prior to bonding.

Because the required amount and, therefore, the price of this bond can vary so much, our experts recommend request your free surety bond quote to find out exactly how much you’ll pay for your Florida surety bond.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Leased Nursing Home Bond Varies Starts at 1% 4-8% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Begin the bonding process by calling 1 (800) 308-4358 or submitting a bond request. Our experts can typically provide free, no-obligation bond quotes within 1 business day of submitting your application.

Why do I need this bond?

By posting a Florida leased nursing home bond, principals (leased nursing homes) pledge to abide by the provisions of Chapter 400 of the Florida Statutes, including faithfully and honestly performing all obligations and undertakings involved with providing Medicaid services.

If the principal fails to conduct business in accordance with these terms, the bond protects harmed parties from financial loss up to the full amount of the bond.

Request your free bond quote now!

What’s the fine print?

Leased nursing home bonds in Florida can be issued for 1- or 3-year terms, with or without a set expiration date. The term of your bond will directly effect your bond premium.

The agency can terminate the bond by giving written notice of termination to the surety at least 60 days prior to the effective termination date.

The surety can cancel the bond by giving written notice to both the principal and the agency via certified or registered mail at least 60 days prior to the effective cancellation date.

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Agency for Health Care Administration Leased Nursing Home Surety Bond form

Florida Statutes Chapter 400

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