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.
There are other limited situations where fees are deductible, and if you have any questions in this regard, please telephone us or refer to Interpretation Bulletin IT- 99R5. We have extracted certain information from the Canada Revenue Agency Interpretation Bulletin IT-99R5 related to the above discussion below.