Alera Group Quad Cities Employees Relieve 1 Million Dollars of Medical Debt in Iowa and Illinois
National insurance brokerage firm teammates offer assistance with mounting debt in 2020
Bettendorf, IA., (Jan. 28, 2021) – Alera Group Quad Cities (“Alera”) employees today announced their alleviation of $1 million of medical debt for individuals and families in several Iowa and Illinois communities. This gift is part of more than $22 million in medical debt being relieved by Alera Group employees for struggling households across the country. Alera is one of the youngest and fastest-growing privately-held, national insurance brokerage firms in the country.
Alera employees 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.
“This gift comes straight from the heart of our Alera employees. Stationed across the country, our teams are passionate about giving back directly to the communities in which they live, work, and play,” said Tom Schuetz, a managing partner of Alera Group Quad Cities. “Medical debt is mounting more than ever and many families right in our backyard are in crisis. Buying and retiring medical debt allows our employees to truly give back and alleviate a worry for many.”
Rather than waking up to the knocking of a debt collector, thousands of Americans will receive letters of forgiveness to alert them of the gift from Alera employees. These letters will be delivered throughout the winter targeting individuals and families living below 200% of the poverty level.
“It has been truly special watching Alera employees join hands in offering up their own assets and donations to enhance our ability to make an impact on this noble and worthy cause,” adds Ranae Warren, managing partner, Alera Group Quad Cities. “This contribution perfectly showcases one of our core values of collaboration. Our teams always come together to advance thinking for our clients, strategize new solutions for success, but most importantly to help those in need.”
Letters will continue to reach recipients throughout the winter.
Based in Deerfield, IL, Alera Group’s over 2,000 employees serve thousands of clients nationally in employee benefits, property and casualty, retirement services, and wealth management. Alera Group is the 15th largest privately held firm in the country. For more information, visit www.aleragroup.com or follow Alera Group on Twitter: @AleraGroupUS.
Since being founded in 2014 by two former debt collectors, RIP Medical Debt has acquired, and abolished, more than $3 billion of oppressive medical debt, helping over 2 million individuals get out from under the burden of crushing medical debt. To learn more, visit www.ripmedicaldebt.org