A Minnesota PCA agency surety bond is required by the Minnesota Department of Human Services before a license candidate may begin operations that involve Medicaid billing. The division of Minnesota Health Care Programs (MHCP) requires specific insurance coverages, a fidelity bond in the amount of no less than $20,000 and the PCA agency bond. The surety bond penalty follows a specific agency formula.
The Minnesota personal care assistant agency surety bond is a statutory compliance obligation however a review of the bond's purpose and the underlying statute (Minnesota Statutes, Section 256B.0659, Subd. 21(a)(2)) is instructive. The bond form guarantees that the licensee will, "secure the compliance by the PCA agency with the terms of Minnesota Statute, Chapter 256B, of all rules made by the Commissioner, and any other legal obligations arising out of the licensee’s conduct as a personal care assistance provider agency." The PCA agency bond is a fixed penalty obligation however its sufficiency is reviewed and the surety bond amount adjusted per the Medicaid billing results.
Minnesota surety bond leader, Surety One, Inc., specializes in the fidelity and surety bond needs of health care professionals. We also offer guardianship bonds for those agencies involved in representative payee operations. Application submissions are reviewed and responded to on the same day as they are received. We are the MOST RESPONSIVE surety bond underwriter in the business. Call (800) 373-2804, or email us at Underwriting@SuretyOne.com for a Minnesota personal care assistant agency bond application or miscellaneous surety bond need.
FYI - We offer a specialty business services bond program for PCA agency applicants. Learn more here.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.