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.
The difference is how much of the cost of those services youâre expected to pay when you receive them. With the help of their math-whiz actuaries, plans use a combination of deductibles, coinsurance, and copays to hit the target metal level. On the DC Health Link, for instance, deductibles on Gold plans range from $0 to $2,000, whereas on Bronze plans they range from $3,500 to $6,350 (the maximum allowed).