Verizon is reportedly raising prices on its family plans with 5 or more lines. The discount per line would drop by $3 per line, meaning you’d pay at least $15 more a month for five lines or even more for those with larger accounts than this. The price change will reportedly take place on February 20.

Verizon couldn’t even wait a full month into the new year to announce price increases on some of its most valuable customer accounts. Starting in February, myPlan customers with 5 or more lines are going to see a significant price increase to their monthly bills.

It looks like some Verizon customers won’t have much to celebrate to start the new year, and that is because the company is reportedly hiking prices. According to CNET, the customers who are going to be hit are those who are using the no-long-available New Verizon Plan options as well as those who have five or more lines.

Verizon is raising prices for multiplan users, with potential increases of at least $15 per month. Verizon has a history of hidden fee price hikes and taking advantage of customers' wallets. Various companies like T-Mobile and Google have also raised subscription prices significantly in recent years.

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