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.
If an entity does not meet the definition of a covered entity or business associate, it does not have to comply with the HIPAA Rules. See definitions of âbusiness associateâ and âcovered entityâ at 45 CFR 160.103. View an easy-to-use question and answer decision tool to find out if an organization or individual is a covered entity. Fast Facts for Covered Entities A Covered Entity is one of the following: