In this year that has been like no other, Benefit Commerce Group employees have chosen to make a special holiday gift in honor of our clients–a donation to help pay off medical debt for individuals and families in Arizona.
This gift is part of more than $18 million in healthcare debt being relieved by Alera Group employees for struggling households across the country. Alera Group is one of the youngest and fastest growing privately-held, national insurance brokerage firms in the country.
Alera Group worked directly with the debt-forgiveness nonprofit, RIP Medical Debt, to identify individuals and families with outstanding healthcare-related bills in more than 200 cities located in 35 counties across the country. Founded by two former debt collectors, RIP is able to purchase medical debts for those most in need in bundled portfolios for a fraction of their face value. One dollar donated relieves $100 of medical debt on average. You can visit www.ripmedicaldebt.org for more information.
This is a topic that is near and dear to our hearts, as it affects families in Arizona and throughout the country. More than 60% of bankruptcies in our nation have medical debt as the root cause.
In this season of giving, we believe this is a most appropriate way to honor both our clients and our community. We expect to retire more than $1,000,000 in medical debt here in Arizona through this donation.
We hope you will find this holiday gift to be satisfying and meaningful as the long year of 2020 comes to a close.
Our news release in the News section provides more details.
Happy Holidays to you, your family and your work family!