Surety Bond News

Surety Bond Blog

Legislative updates and editorial columns from the surety experts at JW Surety Bonds; the largest surety bond company in the U.S.

Minnesota Personal Care Assistant Bond




MinnesotaPersonal care assistants are affected by a new bill in the state of Minnesota. The new bill is labeled HB 1362 and requires personal care assistants to register with the Department of Health and Health Care and to be in employment with a qualified personal care assistance provider agency. The personal care agency is obliged to acquire a surety bond in a quantity equivalent to the lesser of $50,000 or 10% of the provider’s payments from Medicaid in the preceding year. Additionally, a fidelity bond providing coverage in the quantity of $20,000 is required. HB 1362 was enclosed in one of the yearly budget bills, and the Governor’s line item veto did not influence the new surety bonds.


No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Looking for a firm quote on your surety bond?

Get a free quote instantly online. It only takes a couple of minutes!

GET A FREE QUOTE!

Just looking for a ballpark estimate of costs?

Our 1 page form takes only seconds to complete!

GET A FREE ESTIMATE