India, May 28 -- Getting a family floater health insurance plan for yourself, your spouse, your children and your elderly parents might sound economically sound at first. But, is it a great idea in the long run?

As your parents age, will the increased frequency of insurance claims for their treatment affect your family plan? Will it decrease your sum insured and lead to other financial expenses later on?

Here is a detailed guide to help you understand if you should include your parents in family floater health insurance.

Adding your parents to a family floater plan can result in an increase in policy premiums. When you buy medical insurance from any company, they calculate the premium based on the age of the eldest member under the pol...