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.
Insurance deductible rules can vary from one car insurance company to another. Some companies may offer plans with no deductibles, but no-deductible plans are likely to have higher premiums than plans that have deductibles. Sometimes plans charge deductibles for certain types of damage and no deductibles for others. For example, an insurance company might give you the option of choosing a plan where you don't have to pay a deductible for damage to your car's windows.