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-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.