Same end result yes. Although you are eliviated the stress of going through the payment process every time your plan ends. Also as an added bonus you can make $2/30day credit (money off the cost of your phone plan)
Unfortunately he has to state that he was referred from you on the initial set up date. Possibly have him create a new account with a new phone number. But remember for next time to have your number as the referral number. More saving for you!!