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).
Medicare-covered services also covered by Medicaid are paid first by Medicare because Medicaid is generally the payer. of last resort. Medicaid may cover the cost of care that Medicare may not cover or may partially cover (such as nursing. home care, personal care, and home- and community-based services). The options for dual eligible individuals to receive their Medicare and Medicaid benefits varies by State.