Besides the weather, there were multiple factors that were deterring me away from the job in Northern California. I wrote a recent post about the California AB5 bill, which doesn’t allow nurse practitioners to work in California as a sole proprietor. This job with Kaiser was with a different agency than I normally work for, although I have worked with them in the past. Part of my desire to work with them was to get some 1099 work for the 2021 year.
I usually work with Comp Health for the majority of my assignments, which pays me as a W2 employee. I like to have at least a little bit of 1099 work each year to help reduce my overall taxes.
However, due to the AB5 bill, the agency had just notified me that they would have to pay me as a W2 employee while working in California. This meant they had to offer me benefits such as health insurance and a 401k, but if I accepted the benefits, I would be given a decreased hourly pay. I thought to myself, than I would rather just work with Comp Health to get my usual benefits and usual higher pay.
In addition, I was also drawn to this particular job because they were offering a $3500/mo housing stipend. I had found a furnished apartment that was going to cost me $2000/mo, so was planning on pocketing the extra $1500/mo. But since I was now going to be an employee for them, they could no longer give me a stipend. They could only reimburse my cost of housing.
At this point I knew I wanted to take a job with Comp Health in San Diego instead. I had already interviewed with the job in San Diego twice in 2020 but hadn’t moved forward with them for covid related reasons. The first reason was when covid just started, I decided to extend at my current assignment to wait things out. And the second time was because I had the opportunity to work in Florida which was closer to home.
Stay tuned for part III!
I really admire your financial Savvy in all of this. I too have been communicating with Comp Health and so far, I really like working with them.