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.
Annual Enrollment Period (October 15 â December 7) The Annual Election Period (AEP) begins on October 15 and ends on December 7 each year. During AEP, you can enroll, disenroll or change your Medicare Advantage (MA) plan, prescription drug plan (PDP) or Medicare Supplement plan. You can also return to Original Medicare. Elections made during AEP are effective on January 1 of the following year.