The enrollment in Medicare Advantage Plans have increased by 9.4% than the previous year and fees are 7.2% lower, according to a U.S. official who credited the 2010 health-care law for the gains. Private insurers including UnitedHealth Group Inc. and Humana Inc that are subsidized by the government, give expanded coverage under Medicare Advantage to people above 65 years beyond the standard federal program. In May, Medicare projections that membership would increase to 12.5 million in 2012 before falling to about 9.2 million by 2018 as cuts kick in on federal subsidies to insurers, saw an enrollment rise to 12.8 million, which exceeded the projections. The average premiums dropped to $31.54 per month. Marilyn Tavenner, acting administrator of the Centers for Medicare and Medicaid Services said that not only are average premiums lower, but the plans are better. The health-care overhaul was motivating plans to improve the quality of their coverage. Robert Zirkelbach of America's Health Insurance Plans, a trade group in Washington, said that plan members will face "higher out-of-pocket costs, reduced benefits and fewer health-care choices" as the health law's payment cuts increase. The business will continue to grow despite the cuts. Baby Boomers who are entering the Medicare market presently are more comfortable with managed-care plans than older people. Large plans like Humana will be more successful than smaller plans because it gives them an edge at managing the actuarial risk of insuring older people. According to the Kaiser Family Foundation, there were around 48 million people who enrolled in Medicare in 2011. Source: Medindia << RSBY Demonstrating To Be a Winning Model of Health Insuranc... Shortly, Telepathic Helmets to Monitor Pilot's state of mind >> Recommended Reading Third Party Administrators for Health Insurance TPA is an IRDA approved healthcare service provider. TPA processes claims for policy holders on behalf of an Insurance Company. READ MORE Health Insurance - Ombudsman Insurance Ombudsman institutions work for the purpose of quick disposal of the grievances of the insured customers. READ MORE DSGMC Announces Health Insurance Scheme The Delhi Sikh Gurdwara Management Committee (DSGMC) announced a health insurance scheme called "Guru Harkrishan Health Insurance Scheme" for economically weaker Sikh families. READ MORE Germans Looking to Switch From Private to National Health Insurance Looking at their private health insurance policies, many Germans are thinking of changing to a state health program because of the 50% costs increase. READ MORE What is Medicare / Medicaid? Medicaid / Medicare are different governmental programs that provide medical and health-related services to specific groups of people in U.S. and managed by Centers for Medicare and Medicaid Services. READ MORE Most Popular on Medindia Noscaphene (Noscapine) Pregnancy Confirmation Calculator Calculate Ideal Weight for Infants More News on: What is Medicare / Medicaid?