Millions of veterans are susceptible to scams and fraud that claim to offer assistance with a new Veterans Affairs Department law aimed at health care and benefits, according to a new AARP survey.
The survey, which questioned 887 veterans and active-duty military personnel on fraud schemes, focused on the Promise to Address Comprehensive Toxics Act (PACT), which was enacted last year and expands health care and benefits for those exposed to burn pits, Agent Orange and other toxic substances.
There is no deadline to apply for PACT benefits but those filing by Aug. 9 may receive benefits backdated to Aug. 10, 2022, the VA said.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The survey revealed that one in 10 veterans said they were contacted by someone offering to assist them with enrolling in the PACT program, with the caller guaranteeing them of a payoff.
Many are unaware of free service
Many are unaware that they can receive free assistance with PACT Act claims through the VA, the AARP said in a statement.
“The survey found criminals are taking advantage of veterans' lack of awareness by offering fraudulent benefits claims assistance with promises of lucrative benefits,” the AARP said.
According to Federal Trade Commission testimony before the U.S. Senate last April, military consumers reported monetary harm from fraud of more than $414 million in 2022, up more than 50% in 2021.
Active service members, veterans and their families are often the targets of fraud due to frequent moves and deployments, a presumption of steady income and benefits and a culture that leaves the door open for scammers to gain unwarranted trust, the AARP said.
According to the survey, veterans and military members are 40% more likely to lose money to scams and fraud than the civilian population.
“Our nation’s veterans should not have to worry about being exploited by financial predators,” said Troy Broussard, U.S. Army Desert Storm veteran and senior advisor to AARP's Veterans and Military Families Initiative.
Earlier this year, Kiplinger reported on VA warnings about TV ads offering help with Camp Lejeune claims, which may also have been scams. In 2021, Congress passed the Camp Lejeune Justice Act that allows veterans to sue for compensation for harm that may have come from exposure to contaminated water at Camp Lejeune.
- 5 Military Benefits That Vets Might Not Know They’ve Earned
- How Veterans With Disabilities Can Claim All the Benefits They Earned
- California Might Stop Taxing Military Pension
-
Crypto Trends to Watch in 2026Cryptocurrency is still less than 20 years old, but it remains a fast-moving (and also maturing) market. Here are the crypto trends to watch for in 2026.
-
Original Medicare vs Medicare Advantage Quiz: Which is Right for You?Quiz Take this quick quiz to discover your "Medicare Personality Type" and learn whether you are a Traditionalist, or a Bundler.
-
Ask the Editor: Capital Gains and Tax PlanningAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on capital gains tax rates and end-of-year tax planning
