If you missed last week's blog, I've put together a list of the 20 cities where health brokers earn the most in fees and commissions for each plan they sell, and this week it's time to count down to No. 1. So pack your bags and dig in >
10) Tampa, Fla.
Large Health Policies: 123
Adjusted Median Broker Compensation: $28,361
Just a reminder that these compensation figures are the median annual fees and commissions for each policy. Much as it's in the middle of Florida's west coast, so is Tampa in the middle of our list.
(photo: AP Photo/Chris O'Meara)
9) Louisville, Ky.
Large Health Policies: 132
Adjusted Median Broker Compensation: $29,327
You'll be a real "slugger" racing in this Lousville, Kentucky health insurance derby! This is our final stop in the $20k range before moving on to the elite $30k+ cities.
(photo: AP Photo/Ed Reinke)
8) Orlando, Fla.
Large Health Policies: 95
Adjusted Median Broker Compensation: $30,847
Just a quick drive from #10 Tampa, Orlando's health insurance market will ensure that you can always buy the kids tickets to Disney. On second thought, given how much tickets to Disney World cost, maybe I should bump Orlando out of the top 20.
(photo: AP Photo/Universal Orlando, Roberto Gonzalez)
7) Norcross, Ga.
Large Health Policies: 59
Adjusted Median Broker Compensation: $31,110
Despite captaining my junior high geography team, I'd never heard of Norcross. Turns out Waffle House HQ is nearby. Who knew?
(photo: Pat Sabin/city-data.com)
6) Austin, Texas
Large Health Policies: 134
Adjusted Median Broker Compensation: $32,766
You'll be able to keep Austin truly weird while raking in the cash and spending it on delicious BBQ.
(photo: AP Photo/Harry Cabluck)
5) Overland Park, Kan.
Large Health Policies: 54
Adjusted Median Broker Compensation: $33,123
This is another city that consistently wins "best of" awards: best city to live, best city to raise your kids, best city to grow up, etc. And now, #5 best city to be a health broker.
4) Baton Rouge, La.
Large Health Policies: 66
Adjusted Median Broker Compensation: $33,655
Baton Rouge. Red Stick. Yeah.
3) Boca Raton, Fla.
Large Health Policies: 62
Adjusted Median Broker Compensation: $36,655
Boca Raton. Mouse Mouth. Yeah.
(photo: courtesy of destination360.com)
2) Kansas City, Mo.
Large Health Policies: 144
Adjusted Median Broker Compensation: $36,768
Between Austin at No. 6, Raleigh at No. 11, Louisville at No. 9, and now Kansas City in the coveted No. 2 spot, I'm sensing a real correlation between great broker compensation and excellent barbecue. As an avid pitmaster myself, I have to say that this warrants further study.
But first, on to the No. 1 best city in the US for health insurance brokers...
1) Chattanooga, Tenn.
Large Health Policies: 65
Adjusted Median Broker Compensation: $43,669
Wow. Not only does Chattanooga win the top spot on the list, they're also the only city to crack the $40k barrier. According to Forbes, they're the 8th best "Bang for Your Buck" city in the US, so your commissions will go that much farther when you attend the annual Chattanooga Dulcimer Festival.
And there you have it. Next week I'll go a bit more in-depth on how this study was put together.