The cheaper option is the $60 per month plan, which includes unlimited talk, text and 500MB of data. Not bad, not bad, but the slightly more expensive plan is much better. For $70 a month, you'll get unlimited talk, text and 2GB of data!
By the way, subscribing to e pre-paid plan might be better if you have an old compatible device, rather than buy a new one, because Big Red's current selection of pre-paid handsets isn't anything to write home about.
Verizon's previous pre-paid plan was $80 a month for unlimited talk, text and a gig of data.
source: Verizon via Gizmodo