3 Things To Know While Buying A Family Floater Health Insurance
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Single health insurance amount for the family Unlike an individual health plan (IHP) where there are individual health insurance amounts for family members, in a family floater, there is single health insurance amount for the family. Any family member covered by a family floater can avail of the health insurance coverage during the course of the year
Typically cheaper than individual health plans Although, family floaters are cheaper, it might be a problem if more than one family member requires health insurance and the insurance limit is not enough. Children up to the age of 21 years could also be added on to such a plan, along with the spouse of the insured person.
Ideally have a combination of individual health plan and family floater Ensure that your family is secure from sudden and large health expenses. Ideally, buy an individual health plan and a family floater.
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