This is probably going to happen to me in 2021. For 2020, my net monthly SS benefit will be $8.00 (eight dollars). A little more IRMAA (income related monthly adjustment amount, which is a surcharge on Medicare) and I will be in the red in 2021.
I know this doesn't happen to many people, but my SS benefit is quite small, because much of my working life was in a job not covered by SS.
So what happens? Do I pay the Social Security Administration every month or does the benefit never go below zero?
Note: Medicare deductions are the only deductions on my SS check.