Benefits at Extra Space Storage
Extra Space Storage® offers competitive wages and an outstanding
benefits package to employees who work full-time (35 hours per week). After completing
90-days of employment you will be eligible to participate in a variety of our benefits.
Medical Plan
Our medical plan offers affordable rates as well as the convenience of pre-tax payroll
deduction. Participating employees choose from a list of preferred providers within
their geographical areas, or choose out-of-network physicians. By utilizing a preferred
provider, a covered employee will be charged a $25 co-pay per office visit (deductible
waived). The plan generally pays 60% to 80% of most covered expenses after a $500
deductible ($1000 family max) is met. Out-of-network usage includes a separate deductible
and additional out-of-pocket expenses may apply. The maximum lifetime benefit is
$2,000,000.
Dental Plan
Our dental plan pays for 100% preventative services without a deductible. The plan
also covers 80% of basic services and 50% of major services after a $50.00 per person
deductible ($150.00 family max) is met. The maximum our plan will pay is $1,000
per person per calendar year. Child orthodontia services cover 50% of eligible expenses
up to a $1,000 lifetime maximum. You may use any dentist of your choice.
Vision Plan
Our vision plan offers a $50 benefit for a vision examination and $150 for one pair
of eyeglasses (lenses and frames) and/or one pair of contact lenses for each participating
member each calendar year.
Prescription Drug Card
Covered participants pay $8 for generic, $35 for formulary and $50 non-formulary
prescription drugs. To learn more about formulary and non-formulary prescriptions
you may log on to www.expressscripts.com.
Express scripts offer a mail order prescription program. Any covered participant
can pay the same prescription co-pays listed above and receive up to a 100-day supply.
Cafeteria Plan
By participating in this benefit you can save money by using tax-free dollars to
pay for out-of-pocket medical (deductible, co-pays, etc.), over the counter medications
and dependent care expenses.
Life Insurance & AD&D
This plan provides life insurance equivalent to one times the employee's annual
salary, up to a maximum of $150,000. This benefit is paid by Extra Space Storage.
Our plan also allows employees to purchase additional employee life coverage, spousal
coverage or dependent coverage, all at affordable group rates.
Short Term Disability
We offer voluntary short term disability coverage, which replaces a percentage of
the employee's weekly income, in the event the employee is unable to work due to
an approved illness or accident. If the employee becomes disabled, and has completed
a two week elimination period, he or she may be eligible to receive 60% of his or
her weekly salary to a week maximum of $500. Payment may continue up to 13 weeks
on approved leave. The employee pays 100% of the premium at affordable group rates.
Long Term Disability
We offer voluntary long term disability coverage, which replaces a percentage of
the employee's income on a monthly basis in the event the employee is unable to
work due to an approved illness or accident. If the employee is disabled, and has
completed a 90-day elimination period, he or she may be eligible to receive 60%
of his or her monthly salary to a monthly maximum of $5,000. Payment may continue
up to the age of 65 in some cases. The employee pays 100% of the premium at affordable
group rates.
401(k) Savings Plan
All employees of Extra Space Storage who are 21 years of age and who have worked
with Extra Space Storage for one year are eligible to participate in our 401(k)
plan. Extra Space Storage will match $1 for $1 of the first 3%, then 50 cents of
4% and 5% contributed by the employee. The employee may contribute from 1% up to
60% of their annual earnings. A variety of investments are available.
Benefits Disclaimer