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.
Never file if the claim is bigger than the deductibleâmostly because it wonât be covered. Also because youâre putting the claim on your insurance record and it will stay there for at least three years. You should carefully consider the risk-reward profile too if the claim is $1,200 or even $2,000.