The typical health insurance plan can be bought either for an individual or for the whole family. The family cover – also known as the family floater plan – can cover you, your spouse, your children, and your parents. The insurance benefits are shared among the group members, and the total cost of a floater plan is typically lower than covering each family member individually.
But there’s a lot more to consider than just costs of insurance. So how does one decide which plan to buy? Let’s take a look at several scenarios that arise.
