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.
Here are 6 important things to know about deductibles: 1  Having health insurance can lower your costs even when you have to pay out of pocket to meet your deductible. 2  A health insurance deductible is different from other types of deductibles.  All Marketplace plans cover preventive care.