What is the Average Compensation for Agent Orange
What is the Average Compensation for Agent Orange
What is Agent Orange?
Agent Orange is an herbicide that was used to destroy enemy cover and food supply in Vietnam mainland, the Korean DMZ, and Guam.
It was used to remove the vegetation that the Vietnamese combatants were hiding in and to diminish the food supply of the Vietcong.
Agent Orange has a chemical called dioxin in it, which is very damaging to the body at large.
Who Is Eligible for Presumptive Agent Orange-Related Veterans Affairs Disability Benefits?
In practical terms, veterans who served in Vietnam during the war and who have a “presumed” illness do not have to prove an association between their illnesses and their military service.
This “presumption” simplifies and speeds up the application process for benefits.
The three new illnesses – B-cell (or hairy-cell) leukemia, Parkinson’s disease, and ischemic heart disease – are added to the list of presumed illnesses previously recognized by the VA.
Other recognized illnesses under VA’s “presumption” rule for Agent Orange are:
- Acute and Subacute Transient Peripheral Neuropathy
- Chloracne
- Chronic Lymphocytic Leukemia
- Diabetes Mellitus (Type 2)
- Hodgkin’s Disease
- Multiple Myeloma
- Non-Hodgkin’s Lymphoma
- Porphyria Cutanea Tarda
- Prostate Cancer
- Respiratory Cancers
- Soft Tissue Sarcoma (other than Osteosarcoma, Chondrosarcoma, Kaposi’s sarcoma, or Mesothelioma)
- AL Amyloidosis
What is the average compensation for Agent Orange?
A single veteran who is totally disabled by Agent Orange-related illnesses receives around $ 3,146 a month.
If you have dependents, that monthly figure goes up.
The VA uses a disability rating system to assign benefits.
How does the 2022 PACT Act affect VA benefits?
The PACT Act makes it easier for veterans who have been exposed to burn pits and other toxins to qualify for free healthcare and financial benefits.
If you are a veteran who served during the Vietnam War, Gulf War, or post-9/11 eras, you may be eligible for new healthcare and financial benefits.
The PACT Act enacted in August 2022 adds more than 20 presumptive conditions for veterans who had toxic exposures while they served.
If you have developed a health condition related to your military service, you may qualify for VA healthcare and benefits under the PACT Act.
Surviving family members also may receive benefits under the law.
Agent Orange Compensation for Dependents
The Department of Veterans Affairs recently announced that dependent family members of veterans who died from illnesses now covered by the PACT Act will soon be able to reapply for survivor benefits if their claim was previously denied.
The PACT Act provides additional benefits for exposures to burn pits in Iraq and Afghanistan, additional presumptive conditions for Agent Orange exposure, and provisions for victims of water contamination at Camp Lejeune.
What to do when you receive your settlement money?
Having extra money to work with is a good problem.
Unfortunately, investors often let cash pile up before acting.
Imagine, hundreds of thousands of dollars in a savings account, earning nothing!
Try not to get caught up with current market conditions when wondering whether it’s a good time to invest.
Instead, focus on time in the market, not timing the market.
Managing a large sum of money can be overwhelming, especially if you are not familiar with investing or financial planning.
Consider seeking professional financial advice from a trusted expert who can help you create a long-term financial plan that aligns with your goals and values.
A financial advisor can also help you maximize the return on your investment and manage your settlement money responsibly.
Mintco Financial – Financial Planning for Veterans and their Family
Specifically for veterans, Mintco Financial is committed to helping ex-service members create financial security and minimize the stress linked with the shift in their income.
Call Us to book your call!
Email us info@mintcofinancial.com