Anna ~
We have not started the adoption process yet but have looked into all of our financial benefits and expenses (we are big planners).
Our insurance has an adoption indemnity plan that has a benefit of $4000.00. But they take out the deductible and co-insurance just like if we were having a baby that the birth costed $4000.00. So the total cash we will get from our insurance company is $2800.00, the rest is sucked up in a 500.00 deductible and a 20% co-insurance. The only proof that we need to recieve this benefit is the proof of placement, not the proof of finalization. By what you are saying, we have a good insurance huh?
I was just wondering because we don't actually "pay the money" to the agency for our deductible and co-insurance but it does deprive us of 1200.00 of our benefit.
I guess I will have to ask the IRS!! Thanks for trying to help me though. I appreciate it!
