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 Advantage Plans. Medicare offers Medicare Advantage plans. Beneficiaries can choose to enroll in one of the following types of plans instead of in the Original Medicare Plan: (1) Medicare coordinated care plans (CCPs); (2) Medicare private fee-for-service plans; and (3) Medical Savings Accounts (MSAs).