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).
The Billing Medicare, Tricare and Medicaid course covers, in detail, insurance plans run by both federal and state governments. Medicare usually sets the standards for other insurance companies. This course will go into all four parts of Medicare (A, B, C & D) and explain requirements of Medicare billing. Also covered are the fundamentals of Medicaid insurance and TRICARE. While Medicaid is funded partially by the federal government it is run by the individual states.