Is AppleCare  going to be available for the iPhone 5?

Title basically explains everything. I contacted Bestbuy to see if they knew but all they said is they know they're going to offer their warranty which is almost $300 for 2 years. So, I was wondering if AppleCare+ was going to be available for the iPhone 5 at the price it was offered for the 4S? ($100 for lifetime) Or would it be more?
Thanks for any info.

You can purchase such for the iPhone. Read here:
AppleCare+ for iPhone
Get service and support from the people who know your iPhone best.
Every iPhone comes with one year of hardware repair coverage and 90 days of telephone technical support. AppleCare+ for iPhone extends repair coverage and technical support to two years from the original purchase date of your iPhone and adds coverage for up to two incidents of accidental damage from handling, each subject to a $49 service fee plus applicable tax.1
With AppleCare+ for iPhone, Apple experts can help troubleshoot issues over the phone or at an Apple Retail Store. They’ll answer questions about iOS, Apple iPhone apps such as Mail, iMessage, and Calendar, and help you solve interconnectivity issues between your iPhone and Mac or PC. And if your iPhone needs service under the plan, Apple technical support representatives can even set up a repair during the same call.
AppleCare+ must be purchased together with your new iPhone, and you'll be automatically registered in the plan.

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