Benefit Commerce Group (BCG) is pleased to have made a special gift in honor of our clients.
BCG and our employees have chosen to make a donation to help pay off medical debt for 1,852 individuals and families in Maricopa County, Arizona, and 260 in Colorado, through our affiliate firm there.
These donations relieved over $2 million of medical debt: $1.8 million in Maricopa County and another $280,000 in Colorado.
We did this through RIP Medical Debt, an amazing non-profit organization that is able to leverage our contributions to wipe out $100 in debt for every dollar we donate.
They identify individuals and families with outstanding healthcare-related bills, and they purchase the debts for those most in need in bundled portfolios for a fraction of their face value. That is how one dollar donated relieves $100 of medical debt on average.
Founded by two former debt collectors, RIP Medical Debt has purchased and abolished more than $6 billion of oppressive medical debt, helping over 3.5 million individuals get out from under the burden of crushing medical debt. More than 60% of bankruptcies in our nation have medical debt as the root cause. In the spirit of giving, we believe this is a most appropriate way to honor both our clients and our community.
For more information, see our news release: https://benefitcommerce.aleragroup.com/news/