FMMA of Oklahoma Campaign

FMMA of Oklahoma has a goal of raising funds to pay off medical debt for our community here in Oklahoma.  Our minimum goal is $15,000 and this can wipe out almost $1.5 million of debt in our community.  FMMA is about reducing cost and increasing quality in healthcare to improve the lives of people in our communities.  Paying off this medical debt is another way to help people in our community. Can you imagine how great it will be for our fellow Oklahomans to receive a letter in the mail in a few months that their medical debt is forgiven with no tax burden attached? These are hardworking people who may be getting letters and calls right now from collectors looking for payment.  Many of these people HAVE insurance! We can make a difference!  Please make a donation today and let’s show our fellow Oklahomans how we are making a difference here in our community in many ways. Please be generous and let’s make our minimum goal look tiny.  For every dollar you donate, you are providing debt forgiveness of $100 because this debt is bought for a penny on the dollar. I encourage you to share this and let’s see how big we can go!

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RIP Medical Debt’s Solution: RIP Medical Debt uses donations to purchase bundled medical debt portfolios that have gone through collection agencies for months or years. Using third-party credit data providers, it targets debt incurred by people facing financial hardship, and then forgives it. On average, $1 is leveraged to abolish $100 in medical debt.

Please visit www.ripmedicaldebt.org for more information. 

Contact: Annie Malarkey at annie@wetransfer.com

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 $450 million in medical debt for individuals across the U.S., impacting over 250,000 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 has an adverse impact on 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 to negatively impact their ability to buy a home, get a loan or evengain employment.

Whose unpayable medical bills does RIP forgive?

• Individuals who make less than 2 times the federal poverty level
• Individuals with financial hardship - a debt that that is 5% or more of their annual income
• Individuals who are insolvent (debts greater to their assets)

Why Donate to RIP Medical Debt?

• Your dollar goes a long way! On average, $1 abolishes $100 of debt.
• 100 percent of your donation goes towards abolishing medical debt.
• RIP Medical Debt is a 501c3 nonprofit organization, and our EIN number is 47-1442997. Donations are tax-deductible as allowed by law.
• We have specific programs for veterans and active service members of the US military.
• 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) is an act of generosity, so forgiveness of the debt does not count as being income to the gift recipient.

RIP Medical Debt's Federal Tax ID: 47-1442997

Disclaimer: In the event that a campaign is unable to meet RIP Medical Debt's local campaign contribution goal, all funds will be designated to wherever they are needed most.