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.
Save. Health insurance often has a deductible--an upfront cost that the insured person must pay before the insurance company will cover a cost. To meet a deductible on a health insurance plan, you must spend the full deductible amount sometime during the plan year. After a deductible has been met, you are typically not required to pay any more money toward deductibles until the next year.