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.
The billing discrepancies stem partly from Medicareâs complicated design. Beneficiaries pay a deductible for inpatient care, currently $1,288 per stay. Outpatient care is billed differently, with beneficiaries responsible for 20 percent of the cost of services, after a small deductible.