Verizon today announced that it's making some changes to its prepaid plans starting February 20.

First up, Verizon is rolling out a new prepaid smartphone plan. This plan is priced at $30 per month and includes unlimited talk and text as well as 500MB of data. It also includes the same features as other Verizon prepaid plans like Carryover Data and mobile hotspot.

On the other end of the plan spectrum, Verizon is lowering the price of its Prepaid Unlimited plan. Priced at $80 per month now, its price will drop to $75 per month next week.

Verizon is also adding mobile hotspot to its Prepaid Unlimited plan. The thing to keep in mind, though, is that this mobile hotspot is capped at 3G speeds, or around 600Kbps.

Finally, Verizon is bringing its Travel Pass feature to prepaid plans. This enables prepaid customers to use their talk, text, and data in Mexico and Canada. Pricing for this add-on is $5 per day, and you'll only be charged on the days that you actually use it.