Foster parents are given monthly stipends for the care they provide. However, the money you will receive is not income. These stipends are to help you meet the daily needs of your foster children for their food, clothing, shelter and incidental expenses. Rates are determined by the child’s age or level of care, and function as a reimbursement.  They will not cover all the expenses incurred by foster parents. The child’s health and dental needs are covered by Medicaid.