Chapman nets 50% profit margin on $500k annual agency revenue
Michael Chapman · EP 460: One Man Agency Does $500k Recommending Health Plans with Michael Chapman · Oct 27, 2016 · at 4:04
Michael Chapman was not on this episode. A recording of them was played into it, so these are their words but not an appearance on Top Founders. It still counts as said, and it is kept out of every score on their page.
Mike Chapman discusses the bottom-line profitability and net margins of his solo healthcare advisory business.
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“About half.”
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More from Michael Chapman
Chapman: Christian healthcare sharing programs offer exemption from ACA tax penalties
“There's five of them that Have been exempted by center for Medicare services and would keep anybody that becomes a member from being penalized from taxes, but still gives people to gives people access to a wide Network of doctors and hospitals across the count…”
Chapman: One-man insurance agency generated $500k in revenue in 2015
“Right about, ah, right about 500,000. In terms of, yeah, in terms of revenue, which is, ah, fees and commissions, not in terms of sales.”
Chapman: Major insurers like Humana and Aetna exited individual market
“Humana, Aetna, Cigna, United Healthcare are out of the market.”
Chapman: Insurance commissions for health plans range from 3% to 6%
“For insurance, and it varies by, ah, plan, but the, ah, the commission is anywhere from three percent to like six percent in that range of a ah, for a plan.”