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.
A health insurance deductible is different from other types of deductibles. Unlike auto, renters, or homeowners insurance, where you donât get services until you pay your deductible, many health insurance plans provide some benefits before you meet the deductible. All Marketplace plans cover preventive care.