I thought that doing life insurance physicals would be a great way to have flexibility and make money. I, unfortunately, gave up my medical license after being a stay-at-home mom for three years. Only after I had my third child and my husband had an MD insurance exam at our home, did I hear about this possibilty and interviewed for the job. I was told that a licensed MD can make $50-100 per client visit. I was told that licensed MDs were in high demand for the job because many insurance companies want a physician’s exam which may entail drawing blood, doing an EKG, and a history and physical.
The physician would be treated as a independent contractor and could write off travel expenses, fax-machine expenses, etc.
One negative that I saw was the need to travel to the homes of people that you don’t know. I was told, however, that the company I interviewed with had not had any safety issues.
I did insurance physicals through EMSI during my last year of residency. There was a set fee each for an H&P, venipuncture, and EKG. I was not asked to interpret the EKG…they were sent off to a cardiologist, I believe. I think I received $20 just to run the EKG (1996). It was very flexible, and did provide me with some extra money. The company did not mind asking me to drive a pretty good distance, though, and mileage was not paid. I guess each physician must decide how far they are willing to drive. Most of the people I met were very pleasant, but occasionally I ended up in a neighborhood I was not too comfortable in. I would consider doing it again if the need arose.