Why You Should Offer An Employer Adoption Assistance Program
A Low Cost for High Morale
Adopting a child can cost families up to $40,000, and many are unable to pay for these expenses without employer-provided reimbursement of adoption expenses.
However, less than 1% of employees utilize an employer adoption assistance program per year on average, making these cost-effective benefits for employers.
Despite this low usage rate, workers report viewing employers offering adoption assistance programs more positively — including employees with no plans to take advantage of adoption reimbursement.
An employer adoption assistance program is thus an important element for employee retention and recruitment efforts.
Maintain a competitive edge in employee recruiting
Source: Aon Hewitt
Optum Financial Employer Adoption Assistance Program
Program Features and Benefits:
Qualified pre-tax expenses include adoption fees and related medical expenses, attorney fees, court costs, and travel costs.
Dedicated project management teams ensure flawless program set up and enrollment.
An enhanced Employer Dashboard places all data and reporting at your fingertips.
Employees appreciate the ease and convenience of online account administration and speedy claims processing.
Live customer service is available 24 hours a day, seven days a week.
Convenience Employees Love
Online participant portal and mobile app
Rapid reimbursements via direct deposit
Easy documentation submission
24/7/365 U.S.-based customer service
How CYC’s Employer Adoption Assistance Program Works
Employees pay for qualified adoption-related expenses with personal funds.
They submit claims and upload necessary documentation through the participant portal, mobile app, mail, or fax.
Participants receive payments quickly with expedited claim approval and reimbursement.
- That’s it! If they ever have a question or need help, we’re just a phone call away, any time, every day – even on holidays.
- Morale = boosted!
