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.
This is Maggie. Maggieâs employer also offers an HSA plan. Now, her deductible is a bit higher than sheâs used to, but she pays a lower monthly premium AND she contributes money into her HSA directly from her paycheck â which helps cover some of her medical expenses before her insurance coverage kicks in.