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).
This brochure explains the Medicare Advantage (PPO) plan option available to you through Alcatel-Lucent for 2011. Medicare Advantage plans, also known as Medicare Part C plans, combine your Medicare Part A (hospital) and Medicare Part B (doctor and out-patient) coverage with additional benefits that contribute to improving your health and wellness.