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.
A Health Reimbursement Account (HRA), sometimes referred to as a Health Reimbursement Arrangement, is a savings account. Unlike a Health Savings Account (HSA), it is funded by an employer and not an individual enrolled within a health plan. The employee may not agree to a voluntary pay reduction in order to fund a HRA. Contributions.