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RIP Medical Debt
80 Theodore Fremd Ave.
Rye, NY 10580
Earmark your donation for this campaign by including a note or by writing "Arkansas Medical Debt Relief Campaign" in the memo line of a check.
If you would like to participate as an organization please contact Sara Milford at firstname.lastname@example.org.
Campaign to Relieve $24M of Medical Debt in Arkansas
Even before the pandemic, Arkansas was a hotspot for medical debt. The reality is that many are buried in medical debt, struggling to provide for their households. What if we can change that and provide some much-needed relief without worrying about passing legislation? What if we can do something good for the sake of doing something good?
Working together with and for our fellow Arkansans, let's take advantage of a program that makes possible what we likely couldn't do on our own. Let's create a season of jubilee for our neighbors who too often bear the weight of hardship. Let's spread good news in the mail instead of another bill or collection notice. Every dollar goes a long way: $1, $10, or $10,000 will be multiplied to make a significant difference in someone's life.
Thank you for making this possible. I know we can do this, together.
Who Is RIP Medical Debt?
RIP Medical Debt is a national 501(c)(3) nonprofit organization that locates, buys, and forgives medical debt. We empower donors to relieve oppressive medical debt in their community for individuals who are below twice the federal poverty line, have debts greater than their assets, or have debts greater than 5% of their annual income.
Please see the rest of the FAQ below and visit www.ripmedicaldebt.org for more information.
RIP Medical Debt's Federal Tax ID is 47-1442997.
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Who is RIP Medical Debt? RIP Medical Debt (RIP) is a national 501c3 nonprofit organization with a mission to empower donors to forgive the billions of dollars in oppressive medical debt at pennies on the dollar. RIP locates, buys, and abolishes destructive medical debt for individuals, veterans, and families. Since inception in 2014, RIP has relieved more than $2.9 billion in medical debt for individuals across the U.S., impacting over two million individuals.
How does RIP Medical Debt work? RIP, working with third-party credit data providers, searches through large debt portfolios to locate accounts meeting their criteria for relief. RIP then negotiates to buy millions of dollars of this debt at a steep discount, usually a penny or less on the dollar.
Facts about medical debt
- More than $100 billion in unpaid medical debt every year adversely impacts debtor patients, physicians, and hospitals.
- 6 in 10 of both insured and uninsured people say they have difficulty in paying other bills as a result of medical debt. Over a third were unable to pay for food, heat, or housing because of medical bills.
- Nearly two-thirds of U.S. adults under age 65, or 116 million people, had medical bill problems or debt, went without needed care because of cost, were uninsured for a time, or were underinsured—insured but had high out-of-pocket medical expenses or deductibles relative to income.
- Medical debt contributes to more than 60% of the bankruptcies in the US. Until satisfied, debt lingers on a person’s credit report, negatively impacting their ability to buy a home, get a loan, or even gain employment.
Whose unpayable medical bills does RIP forgive?
- Individuals who make less than 2 times the federal poverty level.
- Individuals who face financial hardship—owe debt that is 5% or more of their annual income.
- Individuals who are insolvent—have debts greater than their assets.
Why donate to RIP Medical Debt?
- Your dollar goes a long way! On average, $1 abolishes $100 of debt.
- RIP Medical Debt is a 501c3 nonprofit organization, and our EIN number is 47-1442997. Donations are tax deductible as allowed by law.
- There are no tax consequences for those whose medical debts are forgiven. The forgiveness is a gift from a detached and disinterested third party (RIP Medical Debt), so forgiveness of the debt does not count as income for the gift recipient.
RIP Medical Debt's Federal Tax ID: 47-1442997