Are you interested in fostering but wondering how it may impact you financially? Here is some information on financial support available to foster parents as described on the Alberta Human Services website. Visit their website at: http://www.humanservices.alberta.ca/foster-kinship-care/15436.html for more information.
Foster Care Rate Schedule (July 1, 2016)
Foster parents receive financial compensation to help them care for their foster children, including:
- Basic maintenance allowance – helps cover the day-to-day costs of raising a child, such as food, clothing, shelter, personal care items, general household costs and a spending allowance. This rate is based on the age of the child.
- Skill fee – compensates foster parents for their level of training and expertise in caring for a child. This rate is based on the classification of the foster home (Level 1 or 2).
- Reimbursements for the costs of equipment needed for an infant, such as cribs or car seats that are required to accept an infant placement.
- Monthly reimbursements to help compensate for the costs of formula, diapers and baby supplies.
- Medical coverage – covers each foster child
- Any other child-related costs that a foster parent may have to pay and receive reimbursement for.