Verizon Wireless will soon be changing the way it charges its customers for phone usage: They'll be billed based on data usage instead of on how many phone calls they've made or text messages they've sent. When the new plan, Share Everything, goes into effect on June 28, it will be the only type of phone billing plan available to new Verizon customers. Existing subscribers aren't required to switch.
Share Everything allows subscribers an unlimited number of calls and texts, and they can share data among up to 10 devices on one account. So, for example, family members on the same account or a customer with several connected devices can share a pool of data. Rates begin at $50 a month for 1GB of data and go up to $100 a month for 10GB. You add $40 a month for each smart phone on the plan, $30 for basic phones, $20 per hot spot, and $10 per tablet.
The carrier is the first to offer this type of plan, though AT&T CEO Randall Stephenson recently speculated that we would soon see data-only mobile-phone plans; his company hasn't yet announced its intention to offer such plans. See our story, "Would all-data mobile-phone bills be a consumer boon?" for potential pros and cons of data-only billing.
To see how much a Share Everything plan would cost for you and to compare Verizon plans, you can go to Verizon's website and use its calculating tool.