A family floater plan in health insurance is one that shall cover all the family members within a limit of single sum insured. Any one or more members who are named in the policy can utilize the amount towards hospitalization. Most insurance companies have defined what all members can be covered in this type of plan and until what age. Most companies cover 2 adults + 2 childern, however there are few that cover more number of children as well.

In a family floater health insurance plan premium is decided by the age of eldest member named in the policy.