On June 12, Verizon Wireless announced its plan to offer its customers a new revamped plan which will include shared voice minutes, text messages and data.

The new plan dubbed by the name of "Share Everything Plans" will be compatible with smartphones, tablets and feature phones. Further, they would start at a price of $30 per device for basic phones and $40 per device for smartphones, plus a minimum of $50 for 1GB of shared data as well as unlimited voice calling and text messaging.

Plan members and individuals with multiple devices can share as much as 10GB of data each month between devices, along with unlimited voice and SMS for $100 plus the monthly fees for each device.

According to the company's press release, Share Everything Plans by Verizon will offer unlimited voice minutes, unlimited text, video and picture messaging and a single data allowance for up to 10 Verizon Wireless devices.  In addition, the Mobile Hotspot service on all the devices will be included in the plan at no additional charge.  Further, the company has also confirmed that the plan will be available to customers by June 28 and can be adopted by new, as well as existing customers.

 "Customers asked, and today Verizon Wireless delivered an industry first," said Tami Erwin, vice president and chief marketing officer at Verizon Wireless. "Share Everything Plans are the new standard for wireless service."

How Share Everything Plans Work

To get started on a Share Everything Plan, customers will first need to select the devices they want on their accounts. 

The next step is to choose a plan that would include unlimited minutes, unlimited messages and a shared data allowance that begins at 1 GB for $50. 

Customers adding a tablet on their Share Everything Plans can get that at an additional $10, with no long-term contract requirement.

The following matrix shows pricing for an account with several different devices, such as a smartphone, a tablet and a basic phone, billed to the same individual.

Moreover, the company has also added in their press release  that there are separate plans for accounts with only basic phones, or data only devices such as USB modems or Jetpack Mobile Hotspots at www.verizonwireless.com/ShareEverything.

Those who wish to carry on their existing plans are free to keep it, but at the same time, Verizon has made sure that there is no fee or contract extension to move to the new Share Everything Plans.