Yes, except in practice the testing period is actually the next tax year, Jan 1 to Dec 31.
If you think about it, in order to take advantage of the "last-month" rule, you would have had to have coverage on December 1st, which means you already are covered from December 1st to December 31st. So really, it is the next tax year that we are talking about.
I don't know why the IRS put that example in the Instructions for the 8889, since you can't fail to be covered for the rest of December, although it does seem to follow the equally odd wording in the Tax Code: "(iii)Testing period - The term “testing period” means the period beginning with the last month of th...
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