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 are automatically enrolled in Medicare, you have up to three months after. your 65th birthday or 25th month of disability to decide if you would like keep your. Medicare coverage. If you decide to keep Medicare Part A and Part B you do not need to do anything.