How we help at RIP Medical Debt
RIP Medical Debt—a NYS Chartered 501(c)(3)—empowers donors to forgive billions in oppressive medical debt; every dollar donated forgives one hundred dollars of medical debt.
We are dedicated to removing the burden of medical debt for individuals, veterans, and families across America. Since its inception in 2014, RIP has helped donors forgive over $2 billion in Medical Debt.
Medical debt devastates American families: nearly 40% of American households have outstanding medical debt or problems paying medical bills, and in the last year alone, approximately 75 million people had to choose between medical bills and basics like food, heating, or housing.
From William: "I wish to express my heartfelt thank you for this gift. Having been in the hospital 3 times in the last 12 months, I still have thousands in co-pays remaining. With high costs for medicine, it has been difficult to pay all of my medical bills. Thank you so very much.“
RIP Medical Debt’s simple program of abolishing medical debt for individuals in need has touched the lives of more than 650,000 families since 2014; this number does not include immediate and extended families who experience significant residual benefits of the primary debtor’s medical debt forgiveness.
By targeting and bulk-purchasing debt portfolios most in need of relief, RIP Medical Debt’s abolishment program has the power to transform the lives of entire communities.
From Marie: "I wanted to thank you for the assistance with my outstanding debt. I was going through a very difficult time and had just lost my husband to cancer. Taking care of him had been my sole job for a long time... thank you again for your help, it is very much appreciated.”
Medical debt forgiveness gives struggling individuals a fresh start, allows them to seek the continued medical care they need, and helps along the path to financial stability.
RIP uses precise data analytics to pinpoint the medical debt portfolios of those most in need of relief—households that are: below twice the federal poverty level, insolvent, or going through hardship—RIP purchases these oppressive debts at significantly reduced rates.
Once we buy debt, we forgive it rather than collect it; no strings attached.
From Wesley: "I check my credit score on a weekly basis. This morning when I checked it, I was confused to see my only derogatory mark had mysteriously vanished and that my credit score went up. The I received your letter this afternoon. I was stunned. Thank you! In times of such derision in our country, it is very humbling to learn first-hand that there are still caring and generous people out there. Please extend my sincere gratitude to the donors responsible for this kind act.”
After abolishing a debt, RIP sends out notices to the benefiting families and helps these recipients repair their credit reports; renewing their access to opportunities and resources that will allow them to rebuild.
From Philip: "Anytime I went to the mailbox, it was this feeling of trepidation, 'Oh no it's going to be another bill. When I opened this up, I thought this might be one of those consolidation notices. So when I read what it actually said, it was amazing. It lifted a huge weight off. Thank you!"