Merit pay. Merit pay is a term that describes performance-related pay, most frequently in the context of educational reform or government civil service reform (government jobs). It provides bonuses for workers who perform their jobs effectively, according to easily measurable criteria.
Coinsurance is the percentage of your medical bill you share with your insurance company after youâve paid your deductible. Unless you have a policy with 100 percent coverage for everything, you have to pay a coinsurance amount. You have an â80/20â plan.
Your deductible has a direct impact on whether you should submit your claim or not. A quick review â¦ Your deductible is the amount you pay out-of-pocket toward the amount of your loss. The insurance company then pays the balance.For example, letâs say you suffer $3,000 of damage to your home under a covered claim. And letâs say your deductible is $1,000.In this case you pay $1,000, and your insurance company pays the remaining $2,000.Clearly, if the amount of your loss is less than your deductible thereâs no point to submitting your claim.our deductible has a direct impact on whether you should submit your claim or not. A quick review â¦ Your deductible is the amount you pay out-of-pocket toward the amount of your loss. The insurance company then pays the balance.