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.
The more common types of Medicare Advantage plans include Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), Private Fee-For-Service (PFFS) plans, and Special Needs Plans (SNPs). Less common plan options include HMO Point-of-Service (HMO POS) and Medical Savings Account (MSA) plans.