What To Do If You Write A Bad Check. Under ordinary circumstances of writing a bounced check, youâll at most owe fees and the check amount. If you fail to pay, the recipient could involve a collection agency, which in turn will report the activity to the credit bureaus and damage your credit score.
This is how an HRA works: 1  Your employer sets up an HRA for each participant. 2  The HRA account is funded entirely by your employer; you donât contribute any money to your HRA account. 3  Each plan year, your employer contributes a specified amount to each participantâs HRA.
â¢ An HRA is a notional account controlled by the employer. Most HRAs allow the attributed âfundsâ to accumulate from year to year; however, this is not required and is at the employerâs discretion. â¢ Most HRAs do not pay interest to participants, nor do they allow. participant-directed investments.