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Massachusetts
Patient Trust Funds Bond

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Coverage Amount: $1,000 - $500,000
Term Length: 1 year
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Massachusetts Patient Trust Funds Bond Guide

If you’re operating a nursing facility in Massachusetts and have access to patient funds, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure ethical and legal management of funds
  • Who Needs It: Healthcare facilities and providers with custody of patient funds
  • Regulating Body: The Massachusetts Department of Health and Human Services
  • Required Coverage: $1,000–$500,000
  • Premium Rate: 1–10%, credit-bases

Learn all about the bond requirements and process in this guide. 

What Is a Massachusetts Patient Trust Funds Bond?

Massachusetts patient trust funds bonds are required for long-term nursing facilities and at-home care providers that manage patient funds. 

Your required bond coverage will vary based on the volume of patient funds being handled. 

How Much Do Patient Trust Funds Bonds Cost in Massachusetts?

Massachusetts patient trust funds bonds cost a small percentage of the required bond amount, typically 1–10%.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$1,000-$500,000Patient Trust Funds Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Patient Trust Funds Bond? 

The Massachusetts Department of Health and Human Services (DHHS) requires this bond as part of the licensing process for nursing facilities or providers with access to patient funds.  

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Massachusetts patient trust funds bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. 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 DHHS as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Massachusetts Patient Trust Funds Bond Work? 

As with all surety bonds, a patient trust funds bond creates a legal contract between three parties: 

  1. Principal: You, the nursing facility owner(s) filing the bond
  2. Obligee: The Massachusetts Department of Health and Human Services requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Chapter 111 of the Massachusetts General Laws. 

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 patient trust funds bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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