Minnesota PCA Agency Bond

Category: Uncategorized
Published: Jul 4, 2011
HB 1362: Miscellaneous Bond – Personal Care Assistants

This requires personal care assistants to enroll with the Department of Health and Health Care. They must also be employed through a qualified personal care assistance provider agency. A surety bond must be posted by the agency in an amount equal to $50,000 or 10% of the provider’s payments from Medicaid in the previous year, whichever is less. A fidelity bond providing coverage in the amount of $20,000 is also required.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.

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