DEFINITION of 'Nonrenewable Resource'. A resource of economic value that cannot be readily replaced by natural means on a level equal to its consumption. Most fossil fuels, such as oil, natural gas and coal are considered nonrenewable resources in that their use is not sustainable because their formation takes billions of years.
In this example, letâs say the Medicaid Health Planreimbursement rate for the service is $70.00. In that case, the Medicaid HealthPlan would pay $6.00 toward the bill (The difference between the $70.00 MedicaidHealth Plan rate and the amount Medicare paid $64.00 = $6.00). Youarenotresponsibleforanyadditionalpayment.
Medicare MSA Plans combine a high-deductible insurance plan with a medical savings account that you can use to pay for your health care costs. 1  High-deductible health plan: The first part is a special type of high-deductible Medicare Advantage Plan (Part C). 2  Medical Savings Account (MSA): The second part is a special type of savings account.