DEFINITION of 'Patent'. A government license that gives the holder exclusive rights to a process, design or new invention for a designated period of time. Applications for patents are usually handled by a government agency.In the U.S. the United States Patent and Trademark Office handles application and documentation.Next Up. government license that gives the holder exclusive rights to a process, design or new invention for a designated period of time. Applications for patents are usually handled by a government agency. In the U.S. the United States Patent and Trademark Office handles application and documentation. Next Up.
Below are more specifics on how the rule works: 1  The time frame to exercise the Birthday Rule is 30 days following your birthday. 2  You can change to another plan, as long as it is of equal of lesser coverage level.  In order to take advantage of this rule, you must already have a Medicare Supplement plan.
If you waituntil your 65th birthday or later, your Part B coverage will be delayed. If you want your Medicare coverage to begin when you turn age 65, you should. contact Social Security during the 3 months before your 65th birthday. If you wait. until your 65th birthday or later, your Part B coverage will be delayed. I am age 65, still working, and covered by a group. health plan.