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Previously you could purchase a replacement iPhone for $50 under the program. AppleCare+ must be purchased within 30 days of iPhone purchase and requires inspection of your iPhone and proof of purchase. You can no longer purchase AppleCare after an incident has occurred. For more information see the AppleCare+ Terms and Conditions and the frequently asked questions.
It replaces the AppleCare Protection Plan for Mac, which was essentially the same as AppleCare+, but didn't include accidental damage coverage like Apple has long offered for devices like the iPhone and iPad. AppleCare+ for Mac is available for the 12-inch MacBook, MacBook Pro, MacBook Air, iMac, Mac Pro, and Mac mini for between $99 and $379. The service fees are additional in the event of accidental damage.