Verizon doesn’t put much focus on its prepaid plans, but according to a leaked document obtained by PhoneArena it will be dropping prices on prepaid offerings starting February 1st. Verizon’s current offering is at $80 for smartphones, with unlimited talk/text and 2GB of data during its double data promotion. When the new plans take effect next week, the $80 plan is going away, making room for two new tiers at $60 and $70. The lower tier will offer 500MB of data, the higher 2GB, both with unlimited talk and text.

The document specifically says $80 plan users will be grandfathered in, but considering the new price structure there’s no reason to stay on it. Users wanting more than 2GB of data will be paying $20 per 1GB overage, which is $5 more than adding an extra 1GB to a postpaid plan. Also remember that Verizon’s prepaid plans are 3G only for the time being. This is still a good option for a select set of people though, so we’re glad to see Verizon drop its prices a bit. Stick around after the break to see the document and details of the new plans.

Source: PhoneArena

via Verizon modifying prepaid plans Feb 1 with new $60 500MB tier | Android Central.