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.
To be deductible as a medical expense, the medicine must usually be prescribed by a doctor. For example, if you make a copay when your doctor prescribes ibuprofen, you can include those costs. However, if you don't have a prescription and get an over-the-counter medication, you can't include that cost.