The Minnesota Personal Care Assistant Agency Surety Bond (PCA Bond) is required by the Minnesota Health Care Programs.
Surety1 can provide both the $100k bond and the $50k bond. Minnesota surety bonds since 2003. Apply today using our easy to navigate, online application form. Get a quote within one business day.
The PCA bond is required by Minnesota Statutes Section 256B.0659, Subd. 21(a)(2), and is to secure your compliance with the terms of Minnesota Statute Chapter 256B, of all rules made by the commissioner, and any other legal obligations arising out of your conduct as a personal care assistance provider agency.
Providers must enroll as a PCA Provider Agency for the state of Minnesota.
PCA providers must follow an enrollment checklist that’s provided by Minnesota. One of the items in this list is a surety bond—a copy of PCA Agency Surety Bond (DHS-6033) (PDF). The Surety bond must be in the amount of $50,000 for first time enrolling providers.
Bond Amount and Costs
- Newly-enrolling PCA agencies must provide a bond in the amount of $50,000
- $50,000 for revalidation/annual review if the provider’s PCA payments from Medicaid in the previous calendar year were $300,000 or less
- $100,000 for revalidation/annual review if the provider’s PCA payments from Medicaid in the previous calendar year were more than $300,000
- All PCA Agencies must also carry a $20k fidelity bond. Your insurance provider can usually provide this bond as part of an insurance package but if its not available, Surety1 can assist you in placing that bond as well.
The above numbers are bond amounts. The premium of the bond (the actual cost to you) is only a small percentage of the bond amount. Rates are as low as 1%.
Surety1 has access to the best surety markets available, so we will be able to get you bonded quickly at the best possible price! Apply online in minutes. Get your PCA bond now!