Financial assistance from an employer
Financial assistance from an employer
Many companies offer adoptive parents the ultimate adoption benefit - giving them financial assistance in the form of lump sum cash!
By the YeahBaby.com editorial staff
More and more employers are offering adoption benefits, and one of the most popular benefits is through financial assistance. Many companies and corporations offer money as a lump sum, typically ranging from $1000 up to $15,000. Now that's a lot of cash! Other companies will opt to partially reimburse adoption fees and expenses. Your employer may offer additional assistance to those adopting children with special needs.
Adoption benefits are typically paid after the adoption is finalized. However, some employers will pay benefits as expenses are incurred or when the child is placed. Less common forms of assistance include monies for for foreign adoption fees, medical costs, temporary foster care, transportation, counseling fees and the birth mother's pregnancy costs.
So how do adoptive parents tap into this wealth of assistance? They'll need to contact their company's human resources office.
YeahBaby.com thoughts:
Although benefits for adoptive parents aren't guaranteed, an inquiry to your human resources department could net you thousands of dollars in financial help. If a company does not typically offer financial assistance for adoption, write a request to the company owner or president informing them this is a good time to start offering these benefits!
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