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.
The vehicle owner is responsible for the deductible and is to be paid to the repair shop once the repairs are completed, some shops may require the deductible be paid when the vehicle is taken in for repairs as the policy usually states. â the policy holder pays the firstâ $500.00 or whatever your deductible amount is.