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.
Election-Enrollment in, or voluntary disenrollment from, an MMP, an MA plan or the traditional Medicare fee-for-service program (âOriginal Medicareâ) constitutes an election (disenrollment from Original Medicare would occur only when an individual enrolls in an MMP or MA plan).
Medigap Plans - The Same as Medicare Supplement Plans. 1  Plans having different letter names (for example, Medigap Plan L and Medigap Plan M) have different levels of coverage. 2  Plans having the same letter name (such as every Medigap Plan L) include the same coverage no matter where you buy them.