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Medicare Private Pay Contract - marciajwoodphd.com

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The document is a private contract between Dr. Marcia Johnston Wood, a clinical psychologist, and her clients regarding her decision to opt-out of Medicare for a two-year period starting July 1, 2015. It outlines the terms under which she will provide services directly to clients without submitting claims to Medicare, emphasizing that clients will be responsible for payment and that Medicare coverage will not apply during this period. Clients must sign the contract to acknowledge their understanding and acceptance of these terms.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a Medicare private contract?

In a private contract, the Medicare beneficiary agrees to give up Medicare payment for services furnished by the eligible practitioner and to pay the eligible practitioner without regard to any limits that would otherwise apply to what the eligible practitioner could charge.

Is a physician or practitioner with a Medicare private contract agrees not to bill for any services?

Explanation: A physician or practitioner with a Medicare private contract agrees not to bill for any service or supplies provided to any Medicare beneficiary for at least a specific period of time.

What is a participating physician with Medicare agrees to accept?

PAR physicians agree to take assignment on all Medicare claims, which means that they must accept Medicares approved amount (which is the 80% that Medicare pays plus the 20% patient copayment) as payment in full for all covered services for the duration of the calendar year.

What are the 2 types of physician patient contracts?

With that being said, there are two general types of contracts for healthcare services you should be familiar with: fee-for-service and predetermined per-person agreements.