You could put a dent in the over $5 million of medical debt available in New York. Every dollar you give abolishes $100 of debt.
How to Get Involved
Thank you for your interest in abolishing medical debt for you fellow New Yorkers! Please learn more about RIP Medical Debt through the information available on this page. To get involved, you can make a donation or register to become a fundraiser and raise donations through your friends, community, and neighbors using the buttons above (there is no fee to register as a fundraiser).
Donate online above, or donate by mail by sending a check to:
RIP Medical Debt
80 Theodore Fremd Ave
Rye, NY 10580
Include a note specifying your donation for the New York campaign, or write "New York" in the memo line.
Abolish New York Medical Debt
The Problem: Our country is facing a public health pandemic and it's difficult to know what to do about it. As the largest nexus of international travel for the United States, New York has become the epicenter for the COVID-19 outbreak in our country. We have already seen the far-reaching economic consequences in our markets, but many people will be saddled with enormous new debts as they seek treatment. We know that American's are less likely to seek medical care if they already owe previous medical debts.
This campaign is an effort to clear away as much existing medical debt as we can access throughout the state to provide a form of economic relief to New Yorkers and to help people feel more confident about seeking treatment should this virus infect them personally, or others in their family.
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 situation is especially dire in New York. We have identified over $5 million of existing medical debt we can abolish throughout the state, which will cost roughly $50,000.
New York is like no other state in terms of its multiculturalism and overall societal contribution to the nation at-large. That might be why New Yorkers have such a sense of community pride and neighborly love, seen everywhere from NYC to Albany. New Yorkers often come together to take care of someone who gets sick, but when one hospital trip can cost tens-of-thousands of dollars, the community can only do so much. The strongest communities can be devastated by the medical debt crisis. Medical debt drains money from local towns to out-of-state debt collectors, and families go bankrupt trying to pay for their loved ones medical bills.
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 New York.
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
Every dollar you contribute is a $100 investment in New York towns and cities. Money will stay in the community instead of being taken by out-of-state debt collectors. On average, $32.87 can abolish the medical debt of an entire family, 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 abolishes 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 New York together. For good.
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 to negatively impact 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 twice the federal poverty level
Individuals with financial hardship - a 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 New York.
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.