1099 vs W2 for Physicians: How to Compare Offers, Taxes, Benefits, and Real Take-Home Pay

In this episode of “Money Meets Medicine,” hosts Justin Harvey and Dr. Jimmy Turner discuss the financial pros and cons of working as a 1099 independent contractor versus a W-2 employee, focusing on tax implications, benefits, and administrative responsibilities. Dr. Turner shares his recent shoulder surgery experience to highlight the importance of securing disability insurance early, especially guaranteed standard issue (GSI) coverage during training. The hosts emphasize the need for professional financial guidance and encourage listeners to carefully weigh all factors—including taxes, benefits, and personal preferences—when evaluating job offers in medicine.