The family floater option is an insurance policy that covers the entire family under one plan. This type of policy is beneficial for families who have multiple members with different health needs. It can be difficult to find an insurance plan that covers all of the needs of a family, so the family floater option can be a great way to make sure everyone is covered. The family floater option can also be a great way to save money on premiums, as it is often cheaper than buying separate policies for each family member.