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.
One of the first steps in deducting your medical expenses is figuring out which expenses are deductible and which are nondeductible. Expenses like medical supplies, eyeglasses, and hospital services can be deductible. And some expenses must meet certain requirements to be deductible.