Federal & Healthcare
Personal Care Assistance (PCA) Agency Bond
A bond that a home care agency providing Medicaid-funded personal care services must post to enroll as a provider.
- Required by
- State Medicaid agencies, such as the Minnesota Department of Human Services
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
The bond protects the state Medicaid agency (the obligee). If the agency is found to owe money back to the program, for example after an overpayment, the state can recover it from the bond, including costs of pursuing the claim.
Who needs it
- Personal care assistance provider agencies
- Home care agencies billing Medicaid for personal care
What the underwriter looks at
- Prior-year Medicaid revenue
- Owner credit
- Agency financial statements
- Billing and audit history
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
How much bond does a Minnesota PCA agency need?
Under Minn. Stat. 256B.0659, a new agency or one with Medicaid revenue up to $300,000 in the prior year needs a $50,000 bond. Agencies above $300,000 need $100,000. The bond renews every year.
Do other states require this bond?
Minnesota is the best-known example. Some other state Medicaid programs require provider bonds, so check with your state's Medicaid agency.