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 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.