Since its launch in 2014, organizations have been teaming up with RIP Medical Debt to erase medical debts for local community members. For every $100 donation, RIP Medical Debt forgives $10,000 in medical debt.
The New York City-based nonprofit limits its debt purchases to people who earn less than twice the poverty level, have out-of-pocket medical expenses that total more than 5 percent of their income or face bankruptcy.
Below are five RIP Medical Debt partnerships that recently erased millions of dollars worth of medical debt:
- Ada (Okla.) First United Methodist Church raised enough money to forgive more than $3.8 million in medical debt for 1,327 people in Oklahoma’s south-central region.
- A Montclair, N.J.-based coalition of six faith-based organizations and individual donors raised enough money to forgive more than $3 million in medical debt.
- Bloomfield Township, Mich.-based church Kirk in the Hills and nonprofit Pontiac (Mich.) Community Foundation teamed up to raise money that erased more than $2.3 million in medical debt in Pontiac and more than $3.1 million in the rest of Oakland County.
- Members of ClearView Church in Shreveport, La., raised enough money to forgive more than $2.3 million in medical debt for people in the state’s northwest region.
- Monterey, Calif.-based law firm Dunnion Law raised enough money to forgive more than $1.8 million in medical debt for more than 1,800 people in California.
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