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.
Forgot you've asked about insurance. Most insurance pays 50% of UCR after the deductible for 1 crown. UCR is Usual, Customary and Reasonable rate. So for example, let's say, the cost of 1 crown is $1000 and you have a $100 deductible. After you've paid $100 deductible, the remaining $900 is billed to the insurance. Technically, they would pay 50% of that amount which would be $450. It would leave you to pay the other half, the remaining balance of $450.