PACT Act Deadline for Retroactive Benefits Fast Approaches

The health care and benefits that the VA offers can provide foundational support to veteran wellness – financially, physically, and mentally. Of course, to tap into that support, you need to apply

by JJ Montanaro

July 26, 2023 - The health care and benefits that the VA offers can provide foundational support to veteran wellness – financially, physically, and mentally. Of course, to tap into that support, you need to apply. And while that application can be done at any time, there should be a sense of urgency right now.

Last August President Biden signed the PACT Act into law. The new law expanded VA health care eligibility and benefits for the roughly 3 million veterans exposed to Agent Orange, burn pits and other toxic substances because of their service. Where does the “urgency” come into play? Those veterans who submit benefit applications to the VA by August 9^th – just days from now – will be eligible to have granted benefits backdated to August 10^th of 2022. That backdating could result in a significant amount of money and in today’s inflationary environment, money that could make a difference for many veterans and their families.

Those who have worn the uniform are forever touched by the service-oriented, resilient, and independent culture of military service. While laudable, it can make it difficult for these deserving individuals to ask for help. The PACT Act is a great example of our country extending a helping hand. Take the time today to accept that help by completing your VA application today.

You earned it, use it.

Related resource:

www.va.gov/PACT

About the Author - Joseph "JJ" Montanaro is a CERTIFIED FINANCIAL PLANNER professional (CFP^®). He is a native of Kansas City and earned his bachelor’s degree from the United States Military Academy, West Point, New York. He also holds a Master of Science in Personal Financial Planning from Kansas State University. JJ is a director on the USAA Military Advocacy team.

The information contained is provided for informational purposes only and is not intended to represent any endorsement, expressed or implied, by USAA or any affiliates.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.