Mark n Mat. No joke, instead of Metallica, I listen to you guys at the gym. Pumps me up.
Quick question. I heard Mat talk about this loophole, I mean strategy, in 2024. I just need an HSA qualifying plan for the month of December and can still contribute for the whole year, correct? Just a little clarification if you wouldn’t mind. I usually choose my plan in December and set that up for the following year during open enrollment. I then cancel my HSA qualifying medical plan after January but still contribute the entire amount for that year. Am I doing this backwards? And if so, how can I have a qualifying plan for the month of December if I have to choose it The previous year? Hope that makes sense.