What does it mean if an employer offers you a 60/40 split?

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It means you get paid $40.00 per service provided, and the employer gets $60.00 for services. That is a 60/40 spit for contractor work. Usually, you may be able to use an office in the bldg without paying for a location yourself, for example. Normally, you are responsible for ensuring your taxes are taken out of your check too.

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Does this apply to insurance payments and private pay clients?

The office will give 60% to the practice and 40% to you based on the reimbursement rate of the insurance or private pay client. For instance, if insurance pays $90 per session, you make $36 per session. Try to factor in any other benefits the office offers such as shared health insurance, office space, etc.

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