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 Advantage plans (also known as Medicare Part C) provide Part A (hospital), Part B (medical) and typically Part D (drug) coverage. To enroll in a Medicare Advantage Plan, you must be enrolled in Original Medicare Part A and Part B.Medicare Advantage plans are part of the federal Medicare program and offered through approved private insurers, such as Cigna-HealthSpring, to provide extra coverage.There are various types of Medicare Advantage plans, such as HMO, PPO and Private Fee-for-Service plans.edicare Advantage plans are part of the federal Medicare program and offered through approved private insurers, such as Cigna-HealthSpring, to provide extra coverage. There are various types of Medicare Advantage plans, such as HMO, PPO and Private Fee-for-Service plans.