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'.
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