WalMart's Plan 2 deductible too high?

[JDuns]

According to the an article I saw earlier today (web link: aishealth article), one of WalMart's medical plan for 2007 (called "Freedom Plan 2") is a high deductible health plan with a family deductible of $6,000. As you know, this exceeds the maximum permitted deductible for HSA compatible plans, which is $5,650. I am hoping that the plan description in the article is incorrect.

However, in case the deductible is indeed too high, someone with a contact at WalMart may want to warn them that HSA contributions would generally not be permitted for any participant that elected Plan 2 for next year (unless the deductible is changed to not exceed the $5,650 threshhold).

[Jacmo]

I think you've got the terminology wrong. There is no "maximum deductible". There is a maximum out of pocket, which is $11,000 for 2007 for family coverage. The $5650 figure you quoted is the Maximum annual contribution for family coverage.

Hope this helps. See Gary Lesser's chart in this forum.

[namealreadyinuse]

Yep. It is ok.