Providing Financial Assistance

Child Care expenses can place severe financial strain on a family. Many families spend 10-15 percent of their income to pay for child care and in single-parent or low-income families, that percentage can be considerably higher. As a result, parents often choose child care that is the least expensive and often times unstable which creates a greater stress at work and compromises the child’s development.

Employers can help families with child care costs by offering a Dependent Care Spending Assistance Plan, Flexible Benefit Plan, Child Care Vouchers or Reimbursements, or Child Care Vendor Plan. Mid-Coast Resource Development Center can assist employers with picking an option that would work best for their employees.