If you get a letter indicating Verizon will lock you into a price for 2 years plus give you a $120 prepaid card if you sign up for an additional 2 years ignore it as it is a scam. To obtain it you must upgrade to their higher speed package which will cost you at least $20 more per month. They also have a plan where you can downgrade your speed and that only costs $10 more per month than what you are paying.
Check Time Warner or Comcast. They have more competitive pricing. As soon as my contract expires I will be switching. Verizon has priced itself out of the market.
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