If you answered A, most foster and adoptive agencies will require you to be financially stable before allowing you to foster or adopt. Even though states provide stipends to foster families, this money is intended to be used toward the care of the child (for food, clothes, and other needs) rather than as a payment to the foster family. The amount provided per child varies by state, and can also vary based on a child’s needs. Children with greater needs may be eligible for higher rates. Most children who have been adopted from foster care are eligible for Medicaid, and many are eligible for an adoption subsidy that can continue, depending on the state, until the child is 21. If instead of pursuing a foster-to-adopt placement, a couple chooses to adopt through an agency or attorney, it is still possible to organize fundraisers to meet the financial requirements. Families who adopt are also eligible to receive the federal adoption tax credit which has ranged from $14,890-$16,810 in the past three years. On top of that, many states offer additional tax credits for adoptions.
If you answered B or C, then you would be eligible to become a foster parent, and could pursue the path of fostering to adopt. Many states continue to provide some benefits to foster children, such as health care, even after they have been adopted (see answer A).
If you answered C, then you could also consider adopting through an agency or attorney. If you go this route, you can expect to pay $20,000-$60,000. Those figures may be shocking right off the bat, but remember there are many expenses involved in adoption, including attorney and court fees; birth mother medical expenses, counseling, and support; homestudy fees; training for the parents; social work services; agency fees and more. All adoptions cost money. In the case of foster to adopt, these expenses are paid for by the state; in the case of private adoptions, these expenses are paid for by the adoptive parents.
God’s will can be surprising – if He is truly calling you to adopt, He will also help you find the way!