The Problem: In the past forty years, medical costs have doubled, insurance copays and deductibles have spiked, and bankruptcy rates have quadrupled, creating an avalanche of destructive medical debt.

More than 60% of bankruptcies in America have medical debt as a root cause, and the problem is especially dire in Indiana.

A 2017 study found medical costs are especially high in Indiana and are climbing quickly.

From the Hinkle Fieldhouse to the Allen County Courthouse, Indiana is rich with important culture history, and Indianans know the importance of preserving their past. The medical debt crisis doesn't just harm individuals, it devastates entire towns, draining money and resources that would have helped preserve local main streets and businesses. Debtors can be denied loans, apartments, and even jobs because of their credit scores, preventing them from fully succeeding in life. As health care costs grow, more money will go to out-of-state bill collectors and less will stay in Indiana, unless something is done to save those suffering from medical debt. 

RIP’s Solution: RIP Medical Debt uses your donations to purchase bundled medical debt portfolios on the secondary debt market, and then forgives that debt at pennies on the dollar. 

On average, $1 is leveraged to abolish $100 in medical debt, and every donation through this page will be spent directly on abolishing medical debt in Indiana.

When debt relief recipients open the yellow envelope from RIP, they are told that their debt has been bought by a third party and erased with no strings attached. They owe nothing on the debt and face no tax penalty. A recent beneficiary wrote to us, saying:

"I read my letter over a few times to make sure it was the real thing. Receiving this debt relief renewed my faith that I can get back on track. It jump-started it – that we can do this – I can get back in the game! It's unheard of what RIP does, and it's a game changer in the medical world. It's a game changer for me.” 
    — Reagan, RIP Medical Debt Recipient of Debt Relief

Join the movement to abolish $1 billion in medical debt by 2020: Every dollar you contribute is a $100 investment in Indianan towns and cities. Money will stay in the community instead of being taken by out-of-state debt collectors. On average, $13.04 can abolish the medical debt of an entire family in Indiana, allowing them to invest in a home, schooling, or retirement.

Who We Are: 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.

RIP Medical Debt is unique in its expertise but needs continued support from generous donors. Compassion drives the work of RIP Medical Debt and every dollar is highly leveraged with a ROI of 100:1. Let’s abolish medical debt in Indiana together. For good.

Please see the rest of the FAQ below and visit www.ripmedicaldebt.org for more information.

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.
• 100 percent of your donation through this form goes towards abolishing medical debt in Indiana.
• 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