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.
If the insurance policy has a deductible, the insurance company pays. first-dollar coverage up to the limits of the policy, but the amount of the deductible is billed back. to the policyholder for reimbursement to the insurance company.