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.
âIf your claim is small and not much more than your deductible, it's not worth it to file a claim,â says the insurance expert with MoneyCrashers.com. Cabralâs take on the same situation: If the damage is less than a few hundred dollars above your deductible, pay it out of pocket.