Sprint’s new Unlimited 55+ plan — which was rumored back in April — is available today. Now, Sprint customers who are 55 or older can sign up for one line of unlimited service for $50 a month or two lines for $70.

Customers who meet the age qualifications will get the same perks as the regular Sprint unlimited plan (which usually costs $100 per month for two lines), including unlimited talk, text, and data, along with mobile hot spot (limited to 3G speeds) and international texting and data (limited to 2G speeds). You’ll also be subject to Sprint’s use-case specific speed caps, which limits video to 480p, music streaming to 500 kbps, and gaming streaming to 5 Mbps. If you’re a Sprint customer who’s over 55, it’s pretty much a no-brainer.

It’s almost like T-Mobile and Sprint competing against each other is beneficial for customers

The deal bears a shocking similarity to T-Mobile’s Unlimited 55+ plan, which, in addition to sharing the same name, also offers two lines of unlimited data for $70 a month (or $50 for one line). It’s amazing how one carrier offering a cheap, successful deal can cause other carriers to respond by offering a similar deal. It’s almost like T-Mobile and Sprint competing against each other for market share is a beneficial thing for customers.

Fortunately, senior citizens may not have to worry about which plan they’re signed up for, seeing as T-Mobile and Sprint are in the process of merging. After that point, the newly combined entity will surely continue to offer such enticing deals, despite having a dramatically less competitive reason to do so.