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I am in the process of adopting in CA. I will continue to get a stipend. I understand it will be coming from the state instead of the county. Just in case there is an overlap where the state checks are delayed, I have put aside a couple of months stipends to draw from. I understand my subsidized childcare will end at finalization. It comes from a special program not affiliated with CPS, so your area may be different. The kids will go on our insurance, but will receive Medi-cal until 18 as a secondary insurance so we will never see a doctor bill. I understand there is a program to help with college, but I don't think its completely free. We plan to use part of our stipend to start a 529 plan for the kids.
Not all foster kids in California get a stipend, but yours will qualify because they are over the age of 3 and are a sibling set. It will equal the basic rate of foster care per month.