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).
Joining a health or drug plan. Find out when you can sign up for or change your Medicare Advantage Plan (Part C) or Medicare Prescription Drug Coverage (Part D). Different types of Medicare Health Plans. Medicare Advantage, Medicare Savings Accounts, Cost Plans, demonstration/pilot programs, PACE, and Medication Therapy Management.