A group bond program for patient trust fund bonds for county owned and affiliated nursing homes.
CCAP's program, which is endorsed by the Pennsylvania Association of County Affiliated Homes (PACAH), provides PACAH member nursing homes with surety bonds as required by federal law.
Underwritten by Travelers Insurance Company, two year bonds are issued for each facility naming the residents as obligee. The bond must be written for an amount representing 100% patient trust funds at any one time. The program has saved members significant dollars since its inception April 1, 1997. The premium is payable annual or two years prepaid, which results in additional cost savings.