Wednesday, October 8, 2008

The Economy and Adoption From Foster Care

With the economy tanking, we are pleased that potential adopters of children who now live in foster care can continue to count on adoption subsidies to help defray any costs associated with raising their adopted children. In addition, children are provided with medical coverage, which may include coverage for psychological challenges. In addition, the federal government provides anyone who adopts with additional benefits for those who adopt children from the foster care system. And increasing numbers of companies are offering employees benefits which range from paid or unpaid time off to a cash payment to help with adoption costs. If you are considering adoption, but worry that you may not be able to afford it, ask your social worker about adoption subsidies…and learn whether your employer provides adoption benefits. If it does not, maybe you can convince the human resources manager to consider adding adoption benefits to the employee package. It is cost effective because it is seldom used, creates positive feelings among employees and is a win-win situation.

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