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.
1 Answer. A waiver of deductible, more commonly called a waiver of collision deductible, is a supplemental coverage that helps you avoid paying for incidents that are not your fault. This type of coverage is used to prevent you from having to pay the deductible costs of repairs on an accident that was caused by someone else who was not insured.