Paying Social Security and Medicare taxes Currently, you and your employer each pay a 6.2 percent Social Security tax on up to $118,500 of your earnings and a 1.45 percent Medicare tax on all earnings.
Business associate. A business associate is a person or. organization, other than a member of a covered entity's workforce, that performs certain functions or activities on behalf of, or provides certain services to, a covered entity that involve the use or disclosure of individually identifiable health information.
We call the entities that must follow the HIPAA regulations covered entities. Covered entities include: ï· Health Plans, including health insurance companies, HMOs, company health plans, and. certain government programs that pay for health care, such as Medicare and Medicaid.