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FAQ - Medical Debt Forgiveness

Who is RIP Medical Debt? RIP Medical Debt is a New York based 501(c)(3) charity that locates, buys and forgives medical debt in the USA. (Photo: WEYI/WSMH)

Who is RIP Medical Debt?

RIP Medical Debt is a New York based 501(c)(3) charity that locates, buys and forgives medical debt in the USA. RIP abolishes medical debt for the general public, veterans and local communities. Once medical debt is purchased, RIP then forgives the debt and mails yellow envelopes to inform those helped that they are forever free from that particular debt and its blemish on their credit report.

How does $10,000 pay for $1-million in debt?

Outstanding medical debt often is bundled into portfolios for sale on the secondary debt market. The New York based charity, RIP Medical Debt, negotiates to purchase medical debt at significantly reduced rates -- pennies on the dollar (the average ratio is 1:100). That means $100 can forgive $10,000 in medical debt.

How are people selected?

FOX66-NBC25 plays no role in selecting people due to privacy/HIPPA laws. Instead, we work with the charity RIP Medical Debt who used sophisticated data analytics to search medical debt portfolios and pinpoint those bundles most in need of relief.

Why can’t you help me specifically?

FOX66/NBC25 plays no role in selecting people due to privacy/HIPPA laws. FOX66-NBC25 made a donation to the charity RIP Medical Debt to pay off debt for people in mid-Michigan. This was a randomized group and we were not able to pick specific families or amounts of debt. We don’t even know the names of the individuals who will receive the letter from RIP Medical Debt. That’s a process that the organization takes care of.

How can I help?

FOX66/NBC25 is encouraging viewers to keep the momentum going by donating, as we did, to the New York based charity RIP Medical Debt! Below, you will find a donation form for RIP Medical Debt. For every $100 donated, $10,000 in debt is forgiven. Our sponsor, ELGA Credit Union, is matching dollar for dollar up to $5,000. Once fully matched, another $1-million of medical debt will again be forgiven and a second round of yellow envelopes will be mailed to more local families notifying them.

How does the $5,000 match work?

Our sponsor, ELGA Credit Union , is matching dollar for dollar up to $5,000. This means your $100 donation becomes $200, which forgives $20,000 in local medical debt. Once fully matched, $1-million dollars of medical debt will again be forgiven and a second round of yellow envelopes will be mailed to more local families notifying them.

Can I buy a specific family’s medical debt?

Unfortunately, you cannot. But any donation that is made is guaranteed to go to a mid-Michigan family needing financial assistance with their medical debt.

I got an envelope! Now what?

No further action is needed on your part. You are now free and clear of the debt reference in your letter. You are under no obligation to respond to the letter. However, we are interested in hearing and possibly sharing your story with our local viewers. Our goal is to show others who are also struggling with the crippling issue of medical debt that they are not alone and to provide informational resources. If you are interested, please contact either FOX66/NBC25 news anchor Bill Harris at waharris@sbgtv.com or consumer reporter Jennifer Profitt at jprofitt@sbgtv.com or by calling the newsroom at (810) 687-9600.

What if I missed the envelope? Or threw it away?

The letter in the yellow envelope is only meant to inform you of the debt forgiven. Since no further action is needed from the recipients, you are free and clear of the debt whether you read the letter or not.

I didn’t get an envelope! How can you help me?

We have gathered informational resources with the assistance of our sponsor ELGA Credit Union. We encourage you to visit our website wsmh.com/medicaldebt or nbc25news.com/medicaldebt to review this information.

What about my student loans/mortgage/car payment/debt...?

According to RIP Medical Debt, there is $230-million worth of medical debt within our 13 county viewing area. Whether insured or not, medical debt adds up quickly and is not someone people usually have a choice about. This is why our mission is to assist those people facing crippling medical debt with informational resources and by working with the charity RIP Medical Debt.

HELP PAY IT FORWARD

FOX66 & NBC25 News made a $12,500 donation to RIP Medical Debt. It’s a charity that locates, buys and forgives medical debt across the US. The donation will allow RIP Medial Debt to buy and forgive $1-million in debt within 13 local counties.

So what can you do? The same thing we did. Make a donation to RIP Medical Debt to help forgive even more medical debt within our community! $10,000 in donations will result in $1-million of medical debt forgiveness.

ELGA Credit Union is matching every dollar donated up to $5,000. Your $50 donation becomes $100 which forgives $10,000 in medical debt. Once fully matched, hundreds more will receive medical debt forgiveness in the amount of an additional $1-million.

Below is a donation link provided by RIP Medical Debt. Your money goes to the charity, not our station. For more information about the charity and how it works click here.

FOX66 & NBC25 News is not collecting or receiving any information provided in the donation form. The information entered into the form goes directly to the charity.

Donation Link:


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