Most likely. Forward the text to SPAM (7726).
Log into your account online - if all looks normal, and up to date, then figure the text is an attempt to get your info. Most (if not all) Verizon text messages come from a number beginning with 9000.... and there are tools out there to spoof numbers so it appears to come from Verizon but it's not.
If you know your account info is current, your account is up to date, and it looks normal when you log in online, then it's most likely a scam. If yo have reason to believe it is legitimate, call Verizon customer service directly and figure it out.