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TeachMeFinance.com - explain Private Contract Private Contract The term 'Private Contract ' as it applies to the area of Medicare in the United States can be defined as ' A contract between you and a doctor, podiatrist, dentist, or optometrist who has decided not to offer services through the Medicare program. This doctor can't bill Medicare for any service or supplies given to you and all his/her other Medicare patients for at least 2 years. There are no limits on what you can be charged for services under a private contract. You must pay the full amount of the bill'. Previous 5 Terms: prism prisoptometer Privacy Privacy (information) Privacy Act Of 1974 Next 5 Terms: Private Fee-For-Service Plan Private fueling facility Private sector Private voluntary organization (PVO) Privately owned electric utility About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.