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.
Tips & Warnings. 1  Many plans have an emergency room deductible that can never be met. You may have to pay a $50 or $100 deductible, on top of your regular deductible, every time you visit the emergency room. 2  Don't wait until the bills pile up to pay your deductible.