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Cincinnati church wipes out $46.5 million in medical debt for 45,000 families
Posted on 2/28/20 at 5:04 pm
Posted on 2/28/20 at 5:04 pm
LINK
quote:
Crossroads Church partnered with RIP Medical Debt, a medical debt relief nonprofit, to wipe out debts for people in Ohio, Kentucky, Tennessee and Indiana. They will receive bright yellow envelopes this week letting them know the good news.
quote:
For every $100 donated to RIP Medical Debt, $10,000 in medical debt is wiped out, according to the New York-based organization.
Crossroads Church's recent deed constitutes the largest amount of medical debt eliminated in the nonprofit's history.
19
Posted on 2/28/20 at 5:06 pm to heypaul
Amazing. I wish more did stuff like this rather than mission trips and such. Yeah third world countries need you to come over and play guitar but this legitimately helps so many families here.
Posted on 2/28/20 at 5:07 pm to heypaul
Pretty awesome of them. Hope they helped those that have paid taxes first
Posted on 2/28/20 at 5:08 pm to Nado Jenkins83
quote:
Pretty awesome of them. Hope they helped those that have paid taxes first
Hope that yellow envelope explains the tax implications.
Posted on 2/28/20 at 5:08 pm to heypaul
That’s incredible. I can promise you there were many people that struggled financially because of that debt
Posted on 2/28/20 at 5:08 pm to heypaul
Now I can get behind this church.
Posted on 2/28/20 at 5:08 pm to udtiger
I didnt even think of that aspect.
Posted on 2/28/20 at 5:11 pm to udtiger
quote:
Hope that yellow envelope explains the tax implications.
They will need to learn about the joys of cancellation of debt income and the form 1099-C.
Posted on 2/28/20 at 5:11 pm to jclem11
Pain in the arse?
Posted on 2/28/20 at 5:13 pm to heypaul
How can a church afford to do this? What am I missing?
Posted on 2/28/20 at 5:13 pm to heypaul
Couldn’t god have just done that?
Posted on 2/28/20 at 5:15 pm to crewdepoo
Damn baw. 
Posted on 2/28/20 at 5:17 pm to Nado Jenkins83
Yeah, he's dumb AF.
Posted on 2/28/20 at 5:18 pm to VetteGuy
It's something I would say. But I'm trying to be a better person lately
Posted on 2/28/20 at 5:20 pm to udtiger
quote:
Hope that yellow envelope explains the tax implications.
They don't apply
LINK /
quote:
No. With your help, we abolish medical debt permanently. Recipients have no adverse tax consequences, obligations, or strings attached.
For those whose medical debts are forgiven, the forgiveness is a gift from a detached and disinterested third party (RIP) as an act of generosity, so forgiveness of the debt does not count as income to the debtor. We will not file a Form 1099-C with the IRS.
Posted on 2/28/20 at 5:20 pm to Nado Jenkins83
He trolls pretty good and I always laugh, so that comment mighta sounded harsh.
Posted on 2/28/20 at 5:20 pm to heypaul
quote:figured it wasn’t a Catholic Church
Crossroads Church
They need to save that money to pay off rape victims
Posted on 2/28/20 at 5:20 pm to OBReb6
quote:Long overdue medical debt is often sold for as little as 5% of its initial value. It didn't literally cost $46 million to settle the debt.
How can a church afford to do this? What am I missing?
Posted on 2/28/20 at 5:22 pm to heypaul
Joel Osteen heals people on the reg.
Posted on 2/28/20 at 5:23 pm to Nado Jenkins83
That church is a front, man. Being here in the area, I’ve heard stories.
Also pretty sure these were the asshats that landing a helicopter in the parking lot of a restaurant I worked at part time right near power lines.
They aren’t this altruistic. They’re hiding something.
Also pretty sure these were the asshats that landing a helicopter in the parking lot of a restaurant I worked at part time right near power lines.
They aren’t this altruistic. They’re hiding something.
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