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.
Age: Your age, of course, will impact your health and health coverage. As you age and your health coverage needs change, your Medicare supplement plan may need to change as well. The plan that was best for you at 65 years old may not be the best plan for you at 68 or 70 years old. The âbest Medicare supplement insurance planâ for you will change as you age and your health care needs change. The good news is the ability to change plans is possible.