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.
For example, if your deductible is $1,000, your. plan wonât pay anything until youâve met your $1,000 deductible for covered. health care services subject to the deductible. The deductible may not apply. to all services. Beginning in 2014, deductibles for small group health plans will.