Adoption Assistance Program
Supporting families, Loyola’s adoption assistance benefit is provided to employees at no cost. This program will reimburse employees at 90% for covered expenses, up to a maximum of $5,000 (or $6,000 if the child has special needs). Expenses will only be paid for the adoption of children under the age of 18 or who are physically or mentally incapable of caring for themselves.
Covered expenses (which must be reasonable and necessary) include:
- Agency fees
- Counseling fees
- Court costs
- Legal fees
- Maternity costs for the child
- Placement fees
- Temporary foster care
- Transportation costs
Limitations: benefits are not payable for the adoption of stepchildren or for pre-natal or maternity costs of the birth mother of the adoptive child.
Tax considerations: the adoption assistance benefit is not subject to federal or Illinois state tax withholding, but is subject to FICA withholding tax.