I believe I understand these medicals requirements, however I want some verification. I got a first class medical on 1/3/08 - thus with the new rules it would be valid until 1/30/09 with me being under 40. However, since I need a second class medical for commercial operations before or after 1/30/09 I would need a new get a new 2nd class medical. Since, there is not a step down from first to second like there used to be. Is my understanding correct??

[FONT='Calibri','sans-serif']Also is the 2nd class medical cheaper than the 1st class medical, or [/FONT]
[FONT='Calibri','sans-serif'][/FONT]
[FONT='Calibri','sans-serif']did they convert to the same price for both medicals since they only [/FONT]
[FONT='Calibri','sans-serif']last one year[/FONT]