Just did an assessment of our #health #finances. After a ten-year personal experiment with a health savings account (#HSA) and our employer's high risk insurance option: GOOD CHOICE. I'm definitely not an expert, but if you're curious, here's our experience (a thread):

Our life situation made us right for an HSA. I was single for half the first 5 years, married for the 2nd, when married, both of us on HSA. No children, overall pretty healthy. Here's an article about who an HSA is good for: https://t.co/zOlV1xG7Qb
I deducted the maximum savings every year from my employer (which I believe was about $6,000). This went into our HSA. For medical expenses, if we had the extra cash, we used it rather than our HSA (as the HSA grows exponentially tax-free, which is a freaking good deal).
Due to the HSA, my hubby and felt free to pursue alternative health care options and therapies that would NOT have been covered under typical medical insurance (invisalign, chiropractor, contact lenses). We ended up skipping or get the cheapest dental/eye coverage.
It also made me think twice about expensive medical procedures: when I had gastro issues several years ago, my doc recommended a colonoscopy. I saw the price & thought, heck, I'm going to try a food elimination diet first. Voila! Problem solved and no need for the procedure.
In our actual HSA, we chose to invest the $$ that we didn't use each month for medical expenses. We chose a mid-risk mutual fund and let it sit. It ended up having an 8.2% ten-year rate of return. #VSMGX. https://t.co/Xi9aoIbshn
My organization is switching HSA banks, so we had to liquidate to transfer the funds. I'm not sure what investment options will be available next through Optum. Regardless, feeling good about this 10-year experiment. We now have a healthcare nest egg.
And if things keep going as they have, the #HSA nest egg provides some peace of mind for future nursing care needs, etc. No kids means having to think about these lovely things!!
So that's our experience. May not be everyone's but definitely a good choice for us.
unroll @threadreaderapp

More from Finance

Ok here is the explanation. Grab a cup of coffee and read on. If you have not read/noticed this, you will see intraday options movement in a new light.


Say we have two options, one 50 delta ATM options and another 30 delta OTM option. Normally for a 100 point move, the ATM option will move 50 points and the OTM option will move 30 points. But in a high volatile environment, the OTM option will also move nearly 50 points

To understand why this happens, first understand why an ATM option is 50 delta. An ATM option has the probability of 50% of expiring as ITM. The price just has to close a rupee above the strike for the CE to be ITM and vice versa for PEs

Now think of a highly volatile day like today. If someone is asked where the BNF will close for the day or expiry, no one can answer. BNF can close freakin anywhere, That makes every option of an equal probability of being ITM. So all options have a 50% probability of being ITM

Hence, when a huge volatile move starts, all OTM options behave like ATM options. This phenomenon was first observed in the Black Monday crash of 1987 at Wall Street, which also gave rise to the volatility skew/smirk

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