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When Does HIPAA Apply to Banks?

The federal government has issued streamlined standards for electronic funds transfers that a health plan uses to pay a claim. But it remains unclear under what circumstances the HIPAA privacy and security rules might apply to banks handling transactions, one compliance expert says. All health plans covered under the Health Insurance Portability and Accountability Act must comply with the new standards by Jan. 1, 2014, according to the interim final rule from the Department of Health and Human Services. A pending final version of proposed modifications to HIPAA, expected in the coming months, could change that.”]

Source: https://www.cuinfosecurity.com/when-does-hipaa-apply-to-banks-a-4386

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