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.
You may join, switch or drop your current Medicare Prescription Drug plan during Medicare's Annual Enrollment Period (AEP). You may also make changes to your Medicare prescription drug coverage during a Special Enrollment Period (SEP), when certain non-routine events happen in your life. Enrollment in Medicare prescription drug coverage during the Annual Enrollment Period (AEP) takes place from October 15 through December 7. Some people are eligible to enroll during the Special Enrollment Period (SEP) if they meet one of several criteria.