The Florida Agency for Health Care Administration requires the Florida Leased Nursing Home Surety Bond.
The condition of the Florida Leased Nursing Home Surety Bond is that the bond holder is a nursing facility licensed the Florida Statutes. The licensed nursing facility is also required by the Agency to acquire, maintain, and provide proof to the Agency of a bond with a term of 30 months.
The Florida Leased Nursing Home Surety Bond is a license surety bond. This means it’s an essential step in the licensing process. Applicants for the nursing facility license cannot be licensed unless they post this bond with the Florida Agency for Health Care Administration.
Furthermore, the bond amount must be in an amount that is not less than the total of 3 months Medicaid payments to the facility. The amount is computed on the basis of the preceding 12 month average Medicaid payments to the facility.
The Florida Leased Nursing Home Surety Bond exists to ensure that the nursing home practices within the law. It also ensures that faculty and staff abide by all laws and regulations pertaining to them. In the event the nursing home acts unlawfully, a claim can be filed on the bond.
CLICK HERE to view a copy of the Leased Nursing Home Surety Bond in Florida!