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.
Medicaid and Medicare are different programs for health care coverage. Medicare is an insurance program that provides medical care to people over 65. Medicaid is a financial assistance program for low-income people. Medicaid is based on need and social welfare. Eligibility is based on a person's income. Medical bills are paid from federal, state and local tax funds. It serves low-income people of every age.