Verizon has announced a new family plan that includes a shared data bucket for households chocked-full of iPhones and iPads. Each smartphone can be added to the plan for $40 (which includes unlimited talk and text) while tablets cost $10. On top of that, you'll have to pay for the data you want to share.
The plan also unlocks mobile hotspot access for all devices on the plan, so you can chew through your data allowance even faster. If you have a new iPad with LTE, you're going to be burning through data quickly enough as is; how long is it going to last if you're splitting your bucket with the rest of the family? Of course, if everybody only uses data sparingly, then maybe it's not that big of a deal, but at that point, you might as well be using a cheaper shared plan.
How much are you really saving? For two iPhones sharing a 1 GB bucket, you'd be paying $130 every month. If you really needed unlimited data, on Sprint you'd pay $80 more every month for two devices on Simply Everything Family. Alternatively, you could get unlimited data and 1500 minutes shared for only $20 more than Verizon. By comparison, you'd be paying $120 for the first two lines with unlimited minutes on AT&T, but that doesn't count messaging or data which are at least an extra $20 each. It's worth noting that Sprint and AT&T cap out their sharing at 5 lines, so if you need more than that, Verizon's the only show in town. If you consider T-Mobile an option (and they sure hope you do), their unlimited data sharing packages start at $120, which undercuts Verizon just a little bit, but doesn't include mobile hotspot. Given, coverage might not give you all of those options, but that should put Verizon's new plan into perspective.
Verizon's ShareEverything plan goes live on June 28. Anyone biting? Does you family burn through enough minutes and data to make something like this worthwhile, or are shared plans further down the ladder good enough? Do you have more than 5 lines that you need to feed?