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.
How deductibles work. Health insurance deductibles are the amount of money you have to pay toward your health care before your insurance starts covering costs. Deductibles can range from a few hundred to thousands of dollars, depending on the policy. Some plans (typically HMOs) donât have a deductible at all. Generally, once you meet your deductible for the year your insurance will require you to pay coinsurance, which is another form of cost-sharing, until you