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.
You own your HSA. You control what happens to the funds in it. You may even invest the funds held within your HSA in investments allowed by your HSA custodian. Given that your HRA is an arrangement rather than an account, when you have an HRA, you donât really own a tangible asset as you do with an HSA.