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.
He also used a simple but powerful technique to save a little more -- he began making payments before the billing due date. I discovered that if I paid my (credit card) bills sooner ... the interest that accrued would be lower, says Corbett, who documented his debt reduction progress in his blog No Credit Needed. Eleven months later, the Corbetts were completely debt-free and had started saving.