Thursday, January 1, 2009

Adoption price tag

I believe that the cost of domestic adoption is much lower than many people think. Ryan and I were spared some expenses because our birthmother chose us independently so that eliminated some steps with the adoption agency. The adoption agency was only involved with the home study portion.

Also, our birthmother was covered under her mother's health insurance so we were not responsible for those bills. Samuel was covered under medical assistance for the most part.

Here is a run down of our adoption-related expenses:

$2,600 - Adoption attorney
$2,500 - Adoption agency
$1,300 - Birthmother's attorney
$327 - Court administrator
$30 - City of Minneapolis
$30 - Bureau of criminal apprehension
$5 - District court administrative fee
$12 - City of Minneapolis
$16 - Hennepin County
$600 - Post placement study

Total: $7,420

Financial things to consider:
  • There is a Federal Adoption Tax Credit of more than $11,000
  • Check Employer Adoption Assistance for both parents (Ryan's work offers up to $4,000 in adoption assistance)
  • Foster care to adopt: If parents choose to adopt through the state the cost can be very minimal

A few resources (there are many online):
http://www.adoptionloans.com/
http://www.adoptlink.com/
http://www.affordingadoption.com/grants.php

It's worth it. Every penny is worth it. I told Ryan the other day that I can't wait to adopt again. Truly, I can't. We had a wonderful adoption experience. However, I'm not so naive as to think our next adoption will go as smoothly or will cost this amount. But if every step is God-ordained, we're along for the ride and we'll bring our checkbook.

4 comments:

This_Cross_I_Embrace said...

I was directed to your link by a friend, and I just read through some of your posts around the time of your adoption. I am just in AWE of your story!!! How great is God!
You write so beautifully, and you are clearly a vessel of God's endless love. You were chosen to be Samuel's mother, and even though I don't know you, I can't think of anyone better!
May God continue to bless you in this New Year. Please feel free to stop by and visit my blog anytime.
God Bless!

Anonymous said...

I know that adoption costs can vary greatly, but just knowing that it can be done for under $10k is encouraging. My wife and I are considering the idea of adoption and I have to keep reminding myself to not think about money. If this is what God has called us to do, then he will provide.

Anonymous said...

Thank you so much for posting some details. It makes it all that much more "doable" hearing your story, and adoption is definitely something I have considered, and am considering for the future.

Thank you for your openness and willingness to share your story. :-D

Aunt Sharon said...

Hi Stacy, I just learned this a few months ago. My mom and dad had purchased a lot to build a home on in Richfield in 1941. They sold it to pay for me! :-)
Aunt Sharon