1099 CRNA Institute: Thrive as your own boss-How much will I need to earn as a 1099 CRNA compared to a W2 CRNA?

How much will I need to earn as a 1099 CRNA compared to a W2 CRNA?

Video Transcription

Video Summary

In the video, Sharon and a colleague discuss the financial considerations between working as a W-2 employee versus a 1099 contractor for a CRNA. They break down the hourly rates and benefits associated with each option, including retirement, health insurance, disability, malpractice, and more. They emphasize the importance of considering all costs, such as taxes and additional expenses for 1099 contractors. Despite the higher hourly rate for 1099, it may not always be the better financial choice due to factors like FICA match and tax implications. Ultimately, individuals must calculate and compare the total value of each option to make an informed decision.

Keywords

financial considerations

W-2 employee

1099 contractor

hourly rates

tax implications