Is individual health coverage better than a family floater?

by Guest » Mon Jan 25, 2010 07:30 am
Guest

A local agent was pointing at a health insurance floater option for the entire family. We have individual health coverage for each member in the family. I'd look forward to your comments!

Total Comments: 3

Posted: Tue Jan 26, 2010 09:28 am Post Subject:

I guess a floater is cheaper than an individual policy and it serves the best for families that are younger and don't bear too much of health risk. Your spouse and kids could be covered under the same plan along with you.

Posted: Wed Jan 27, 2010 05:13 am Post Subject:

A good thing about a floater is that if there's only a single claim annually, you'd be entitled to receive more out of your settlement than what you'd get out of your individual coverage. Isn't it great!

Posted: Tue Feb 02, 2010 10:44 am Post Subject: Floaters

Floaters cost less than individual health plan and covers your immediate family members in the same policy. It is also a better option if you have more younger members in your family having low health risks. Your family members can get greater settlement amount if make a single claim in a year than the settlement amount you would have got on an individual cover.

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