Your 2021 US Benefits Guide - Commit to Your Well-Being Enjoy the Journey - Sage Therapeutics
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Your 2021
US Benefits Guide
Commit to Your Well-Being
Enjoy the Journey
Welcome to Sage Therapeutics’ Benefits Program!
Your benefits journey starts here
At Sage Therapeutics, we will change the lives of millions of patients and
Table of Contents families by seeing the brain differently and becoming the leader in brain
1 Eligibility & Enrollment health. Your role in helping us on this journey is instrumental — we value and
appreciate all your hard work every day.
2 Medical
4 Brain Health We care about you and your family, and we’re totally committed to supporting
your well-being — physically, emotionally and financially. We want you to do
5 Health Reimbursement Account
great work and fulfill your career growth aspirations while you’re with us. At
6 Dental the same time, we want you to lead a rewarding and balanced life outside of
7 Vision Sage. For this reason, we offer an extensive benefits package that is family
centric in supporting you every step of the way on your journey at Sage,
8 Flexible Spending Accounts
whether at work or at home.
9 L
ife and Accidental Death &
Our program gives you the flexibility to choose the benefits that are right for
Dismemberment Insurance
you and your family. This guide summarizes our benefit offerings so you can
10 Disability Benefits make informed decisions during the enrollment process and will know how to
11 Retirement Savings use our programs when you need them. Be sure to review the information in
this guide and share it with your family.
12 Employee Stock Purchase Plan
13 Voluntary Benefits We hope you take advantage of the great programs we offer. If you have any
questions or need additional information, email benefits@sagerx.com.
14 Time Off
15 O
ther Benefits to Support Your
Well-Being Commit to Your Well-Being
17 Great Employee Perks Enjoy the Journey
18 Contact Information
Eligibility & Enrollment
Who can elect benefits and when and how to elect them
Eligibility Enrolling for Coverage
All regular employees scheduled to work at least 30 You will make your benefit enrollment elections through
hours per week are benefit-eligible as of hire date. Workday, our people system.
Eligible dependents include your:
You must enroll within 30 days of your benefit eligibility
— Legal spouse or domestic partner; date, qualified life event date, or during our annual open
— Children under age 26; and enrollment period.
— hildren age 26 and older who are unmarried and
C If you do not enroll during the open enrollment period
incapable of self-support due to physical or mental or when first eligible, you will have to wait until the next
disability. open enrollment period for an opportunity to make your
elections, unless you experience a qualifying life event.
Making Changes During the Year
IRS regulations state that you cannot change your
benefit elections during the year unless you experience
a qualifying life event. Qualifying life events include:
— Marriage, divorce or legal separation;
— Birth, adoption or change in custody of child;
— Death of a dependent;
— Loss of or gain of other coverage;
— Your dependent child is no longer eligible
for coverage; and
— Change in employment status.
You must access the benefits enrollment portal through
Workday to initiate the life event change. Per IRS
guidelines, changes must be made within 30 days of the
actual event date. Note: The system will not allow you to
enter your qualifying life event change before the event
occurs.
1Medical
Your physical and mental well-being
We offer a Preferred Provider Organization (PPO) medical plan, through Blue Cross Blue Shield, to ensure you have extensive
coverage for all your medical needs. You can take comfort in knowing this plan has you covered — whether it’s for routine care
or you have an unexpected medical need like surgery or hospitalization. The best part? Sage fully covers your calendar year
deductible through the Health Reimbursement Account.
Preferred Blue PPO
Blue Cross Blue Shield MA
In-Network Out-of-Network
Calendar Year Deductible (Individual/Family) $2,000 / $4,000*
Calendar Year Out-of-Pocket Maximum (Individual/Family) $5,450 / $10,900*
Preventive Care Covered 100%; no deductible 20% after deductible
Well-child care, routine adult physicals, routine GYN exams,
routine hearing/vision exams, family planning services office
visits
Office Visits & Urgent Care $15 copay after deductible 20% after deductible
Emergency Room $150 copay after deductible $150 copay after deductible
Copay waived if admitted or for observation stay
Chiropractic & Acupuncture $15 copay after deductible 20% after deductible
Outpatient Surgery
— Office or health center services $15 copay after deductible 20% after deductible
— Ambulatory surgical facility, hospital outpatient Covered 100% after deductible 20% after deductible
department or surgical day care unit
Inpatient Hospital Covered 100% after deductible 20% after deductible
Mental Health/Substance Abuse
— Outpatient $15 copay after deductible 20% after deductible
— Inpatient Covered 100% after deductible 20% after deductible
Prescription Drug Coverage**
Calendar Year Deductible None
Calendar Year Out-of-Pocket Maximum (Individual/Family) $1,000 / $2,000
Retail Pharmacy (up to 30-day supply) Tier 1: $15 copay Tier 1: $30 copay
Tier 2: $30 copay Tier 2: $60 copay
Tier 3: $50 copay Tier 3: $100 copay
Mail Service Pharmacy (up to 90-day supply) Tier 1: $15 copay Not covered
Certain covered drugs for asthma, diabetes, coronary artery disease or Tier 2: $30 copay
risk for cardiovascular disease (concurrently taking high blood pressure Tier 3: $150 copay
medications and high cholesterol medications), and depression
associated with any of these conditions
Mail Service Pharmacy (up to 90-day supply) Tier 1: $30 copay Not covered
Other covered drugs/supplies not noted above Tier 2: $60 copay
Tier 3: $150 copay
Semi-Monthly (per pay period) Employee Contributions
— Employee Only $65.70
— Employee + Spouse/Domestic Partner $131.38
— Employee + Child(ren) $121.54
— Family $187.23
*Sage pays 100% of the Calendar Year Deductible through the HRA and ;therefore, your out-of-pocket maximum will be less.
**The HRA does not apply to prescription drugs.
2Medical
Your physical and mental well-being
As a Blue Cross Blue Shield of Massachusetts member, you have access to valuable healthy resources including:
WellConnection
Programs for a Healthy You
You can see licensed doctors and providers for minor
Get fit; get health/wellness discounts
medical and behavioral health care using live video visits
on your computer, tablet or smartphone. Fitness Reimbursement
Examples of covered services include: Receive up to $150 annually for participating in a
qualified fitness program. Qualified membership or
Urgent Care Behavioral Health fitness fees include:
— Cold/flu — Depression & anxiety
— Full service health club with cardiovascular and
— Bronchitis — Sleep disorders
strength-training equipment (e.g., treadmills,
— Sinus & respiratory — Substance use
bikes, weight machines, free weights), or
infections disorder
— Sore throat — Trauma — Fitness studio with instructor-led group classes
— Diarrhea — Child behavior (e.g., yoga, Pilates, Zumba, kickboxing, indoor
— Gout — Bereavement cycling/spinning, etc.).
— Strep throat — Couples therapy
— Virtual fitness memberships or classes
— Urinary tract infections — Stress
— Pinkeye — Divorce Log on to bluecrossma.com/myblue for more
— Hypertension information and to download the reimbursement
— Migraines form.
— Pneumonia Blue365
How It Works Blue365 offers premier health and wellness
discounts and is free to join. These exclusive
— Download the WellConnection app or visit discounts are available to BCBSMA members.
wellconnection.com
Visit blue365deals.com to learn more and take
— Create an account and log in advantage of savings.
— Choose the type of service: medical or behavioral
— Pick an available provider
BCBSMA Network Providers
To see if your provider is in the network, visit www.
bluecrossma.com. You can also contact Member
Services at 800-262-2583 for assistance with finding an
in-network provider who is accepting new patients.
3Brain Health
Breaking the stigma and supporting mental health
Learn to Live Access the Calm App
You and your eligible dependents over age 13 have 1. Download the Calm app from the App Store (Apple)
access to Learn to Live if you are BCBSMA member. With or Google Play Store (Android).
Learn to Live, you have online access to tools, resources 2. S
ign up using your name and your company email.
and coaches to learn how to better cope with mental Once signed up, you will have access to your Calm
health challenges. The five programs include: subscription automatically.
— Stress, anxiety and worry If you have any issues redeeming your free subscrip-
— Depression tion, contact benefits@sagerx.com.
— Social anxiety
Employee Assistance Program
— Insomnia
We all lead busy lives and are at different stages on
— Substance use
our well-being journey. Everyone can benefit from
Each program helps you identify thought patterns that expert assistance from time to time. That’s why we have
produce negative emotions, then shows you how to partnered with KGA to provide a comprehensive Employee
reshape your thinking. Assistance Program (EAP). With the EAP, you can:
How to Get Started — Receive in-person phone or video sessions to help
resolve emotional and mental health issues
Visit www.learntolive.com/partners and enter code
— Get immediate intervention for depression, anxiety,
WELLNESS to start your assessment and access the
substance misuse and risk of harm to oneself or others
tools.
— Call for a personalized assessment and obtain
Calm App techniques/tips for managing stress
— Speak with a financial or legal professional to assist
Calm is a wellness app focused on helping you develop
with debt management, budgeting and planning
resiliency and mental fitness through meditation,
mindfulness and better sleep. Calm provides listeners — Call to discuss your parenting concerns or childcare
access to mindful content through various channels: needs
— Daily calm — Talk to a counselor about individual or couples
counseling
— Meditation classes
Access the EAP
— Sleep stories
— Music playlists — Phone or Email: 800.648.9557 or info@kgreer.com
— Breathing exercises — Online: my.kgalifeservices.com (Company code:
sagerx) or download the KGA Mobile app
— Body stretches
— Mindfulness seminars
— Curated kids content
You also have access to various resources through the
app.
4Health Reimbursement Account
For your medical deductible
The Health Reimbursement Account (HRA) is 100% funded by
Sage and provides direct reimbursement to your providers for your
calendar year deductible.
About the HRA
What You Should Know
Beginning January 1, 2021, HealthEquity will now be the administrator
of the HRA. It’s important to know that the HRA is a
company-funded account. It is used solely
The company funds 100% of the individual deductible and 100% of to offset your medical plan deductible
the family deductible. (individual or family depending on the
coverage level you elect).
Your HRA
How It Works If you leave the company, you cannot
take this account with you. You forfeit any
When you incur a medical expense that is subject to the medical
remaining balance.
plan’s calendar year deductible, HealthEquity will pay your provider
directly until the deductible is reached.
You will have the opportunity to opt out of automatic payments and
have HealthEquity reimburse you directly.
Once your deductible is reached, you are then responsible for any
out-of-pocket expenses (e.g., a copay for in-network services or 20%
coinsurance on out-of-network services). Remember, the HRA does
not apply toward prescription drugs or dental.
You can access a link to your HRA account through Workday } Helpful
Links } HealthEquity to track payments and see how much of your
deductible has been paid. You can also download the HealthEquity
App onto your mobile device for easy access on the go.
Note: To be eligible for the HRA, you must be enrolled in the Sage-
sponsored medical plan. In addition, no employee contributions can
be made to the Health Reimbursement Account.
5Dental
Benefits to keep you smiling
We offer a dental plan through Blue Cross Blue Shield for preventative, restorative, and orthodontic care.
Dental Blue
Blue Cross Blue Shield MA
In-Network Coverage
Calendar Year Deductible (Individual/Family) $50 / $150
Calendar Year Benefit Maximum $2,000
Preventive & Diagnostic Care Covered 100%; no deductible
Routine cleanings (every six months), fluoride treatment up to age 19, X-rays, sealants
to age 14
Basic Restorative Services Covered 80% after deductible
Fillings, simple oral surgery, periodontics, endodontics, prosthetic maintenance
Major Restorative Services Covered 50% after deductible
Complete or partial dentures, fixed bridges, crowns, inlays/onlays, implants
Orthodontia Covered 50%; no deductible
Orthodontia Lifetime Maximum $2,000
Semi-Monthly (per pay period) Employee Contributions
— Employee Only $6.43
— Employee + Spouse/Domestic Partner or Child $11.58
— Family
$16.08
Using an Out-of-Network Dentist
You can receive dental care from a dentist outside the Blue Cross Blue Shield of Massachusetts network. Keep in mind that when
you do, you will be responsible for any amounts over what is considered Reasonable & Customary (R&C). You may be responsible
for any difference between the dentist’s actual charge or the allowed charge, whichever is less. You are also responsible for your
deductible and coinsurance (if applicable), and charges beyond your calendar-year or lifetime benefit maximum.
Accumulated
Maximum Rollover
With the Dental Blue plan, you can accumulate benefit dollars to help offset out-of-pocket costs for complex
procedures. The maximum rollover benefit applies to you automatically if you:
— Receive at least one service during the benefit period
— Remain a member of the plan throughout the benefit period
— Do not exceed the claim payment threshold in the benefit period
Our dental plan has a calendar-year benefit maximum of $2,000. Here’s a summary of the maximum rollover feature:
If your total claims don’t exceed Then, the rollover amount for you to However, rollover totals will be
this amount for the benefit period: use next year and beyond is: capped at this amount:
$800 $600 $1,500
6Vision
Eye care for clarity
We offer a vision plan through VSP Choice Network with allowances for wellness exams, glasses and
contacts, and more.
Vision Service Plan: VSP Choice Network
Copay Frequency
WellVision Exam $20 copay Every 12 months
Frames — $140 allowance for a wide selection of frames
— $160 allowance for featured frame brands
— 20% savings on amount over allowance Every 24 months
— $75 Walmart®/Sam’s Club®/Costco® frame
$20 copay
allowance
Lenses — Single vision, lined bifocal, and line trifocal
lenses Every 12 months
— Polycarbonate lenses for dependent children
Lens Enhancements — Progressive lenses, anti-reflective coating and
scratch-resistant coating
$0 copay Every 12 months
— Average savings of 30% on other lens en-
hancements
Contact Lenses — $140 allowance for contacts; copay does not
(instead of glasses) apply Up to $60 copay Every 12 months
— Contact lens exam (fitting and evaluation)
Routine Retinal
No more than a $39 copay on routine retinal as an enhancement to a WellVision Exam.
Screening
Extra Savings Glasses & Sunglasses
— Extra $20 to spend on featured frame brands. Go to www.vsp.com/offers for details.
— 20% savings on additional glasses and sunglasses, including lens enhancements from any
VSP provider within 12 months of your last WellVision Exam.
Laser Vision Correction
— Average 15% off the regular price or 5% off the promotional price; discounts only available
from contracted facilities.
Out-of-Network Coverage
Get the most out of your benefits and greater savings with a VSP network doctor. Call Member Services for out-of-network
plan details.
Semi-Monthly (per pay period) Employee Contributions
— Employee Only $0.73
— Employee + Spouse/Domestic Partner or Child $1.06
— Family $1.91
You will not receive an ID card for VSP. Your provider will look up your coverage based on date of birth and/or Social
Security number.
7Flexible Spending Accounts
Savings for health care and dependent care expenses
Flexible Spending Accounts (FSAs) allow you to set aside money on a pre-tax basis through payroll deductions to help pay
for certain out-of-pocket health care and/or dependent care expenses. Beginning January 1, 2021, HealthEquity will now
administer our FSAs.
Examples of Eligible Annual Contribution
Account Type Access to Funds
Expenses Limits
Health Care FSA Medical and prescription Up to $2,750 Allows immediate access
For yourself and/or any dependent drug copays (subject to change by IRS) to your entire, annual
claimed on your federal tax return Over-the-counter contribution amount as
medications and feminine of January 1 or your
products enrollment date
Out-of-pocket dental
expenses such as
orthodontia
Vision expenses including
eyeglasses/contacts
Laser eye surgery
Dependent Care FSA Dependent/child care Up to $5,000 ($2,500 Submit claims and
For eligible dependents under age centers if married and filing get reimbursed up
13, your spouse if physically/mentally Adult day care separately) to your year-to-date
incapable of self-care, any other Nursery or pre-school accumulated account
person residing in your household After school/summer day balance at the time of
and considered a dependent for tax camp claim submission
purposes who is physically/ mentally
incapable of self-care regardless of age
Plan Carefully: Use-It-or-Lose-It
FSAs are considered “use it or lose it.” However, the
Health Care FSA: Debit Card
Sage plan offers a 2 1/2 month extension, which allows
you extra time to incur claims against your 2021 plan year When you enroll in a Health Care FSA, you will
funds. You have until March 15 to incur claims for the receive a debit card, which allows you to pay for
prior plan year. You have until March 31, 2022 to submit health care services immediately.
claims. It is important you budget appropriately and use Your provider simply swipes the card like any
all of your funds within the FSA plan year. other debit or credit card and the amount is
Visit www.healthequity.com to take advantage of tools deducted from your balance. Therefore, you do
and resources including an FSA estimator to help you not need to pay anything out-of-pocket at the time
determine how much to set aside for the plan year as well of service or purchase.
as a list of eligible and ineligible expenses. Note: HealthEquity may request you substantiate
Health Care FSA purchases made on your debit
card. Therefore, you should save all receipts for
purchases made on your debit card (including
prescriptions and physician copays).
8Life and Accidental Death & Dismemberment
Providing valuable financial protection
Reliance Standard Life and Accidental Death and Dismemberment (AD&D) Insurance
Basic Life Benefit Two times annual base earnings up to a maximum of $600,000. No Evidence of
(Company-Paid) Insurability (EOI) is required.
Basic AD&D Benefit Two times annual base earnings up to a maximum of $600,000. No Evidence of
(Company-Paid) Insurability (EOI) is required.
Voluntary Life and AD&D Coverage
Employee Purchase $10,000 increments up to a maximum benefit of $500,000. Guaranteed issue
under age 70: $100,000.
Spouse Purchase $10,000 increments up to a maximum benefit of $500,000. Guaranteed issue
under age 60: $20,000.
Child(ren) 14 days up to 6 months: $1,000
6 months up to age 20: Choose $2,500, $5,000, $7,500 or $10,000
No Evidence of Insurability (EOI) required.
Note: You can elect spouse coverage without electing coverage for yourself. You must elect voluntary life coverage for
yourself or your spouse in order to elect coverage for your child(ren).
Reliance Standard Voluntary Life Insurance (Monthly Employee After-Tax Contributions)
Employee/Spouse Children (Dependent Life)
Age
Rates per $10,000 of Coverage Rates per $10,000 of CoverageDisability Benefits
Providing income replacement when you can’t work
Reliance Standard Short-Term and Long-Term Disability
Disability insurance helps protect you and your family if you become disabled due to illness or injury and are unable to
work. Short-Term Disability (STD) and basic Long-Term Disability (LTD) insurance are provided by Sage at no cost to you.
Eligible employees are enrolled automatically.
Short-Term Disability
STD provides 100% of your base salary for up to a maximum of 13 weeks for an approved disability.
If eligible and approved, benefits begin on the 1st day for an injury and on the 8th day for an illness. Note: There is no
elimination period for disabilities caused by an accident.
Long-Term Disability
LTD replaces 60% of your base salary, up to $12,500 per month.
The elimination period is the later of 90 days or the end of your STD payments.
Note: Reliance Standard manages the claim review and processing for all STD and LTD claims.
A Note About LTD Premiums
While Sage pays the premium for LTD, you have two options that can impact your benefits.
— Option 1: Sage pays the LTD premium, which means your LTD benefit is taxable in the event you file an LTD claim.
— Option 2: You pay the taxes (reflected on your paystub) on the Sage-paid LTD premium, which means your LTD benefit is
tax-free in the event you file an LTD claim.
10Retirement Savings
Build your nest egg for the future
401(k) Savings Plan through Principal
Principal Plan Features Description
Eligibility You are eligible to participate in the plan as of your date of hire.
Your Contributions Contribute up to the IRS annual limit ($19,500 for 2021) on a pre-tax and/or Roth 401(k)
(after-tax) basis. If you are age 50 or older, you may make additional “catch-up” contributions
($6,500 for 2021) per year. Limits subject to change by IRS.
Company Matching Sage matches 50% up to the first 6% you contribute.
Contributions Note: You will receive the company match each pay period for the year. Sage has a true-
up feature on the match, which ensures you receive the maximum company match if you
contribute at least 6% of your eligible compensation for the year—regardless of the timing of
your deposits. With the true-up, Sage will look back at your Year-to-Date (YTD) contributions.
If your contributions qualify for any match that you didn’t receive on a per-pay-period basis,
Sage will add money to your Plan account to match your YTD contributions.
Vesting You are always 100% vested in your contributions. You will vested in company contributions
25% per year; 100% after 4 years.
Investments You can invest your contributions and account balance among a variety of investment fund
choices offered through the Principal.
Accessing Your Account
— First-Time Users: Go to principal.com/Welcome and follow the prompts to create your online account.
— Ongoing Account Access: Go to principal.com, select Log In and choose Personal (enter your username and password).
As a retirement plan participant, you have access to other valuable services through Principal and provided by ARAG.
Below is a brief summary of each benefit.
Will & Legal Document Preparation
How to Access
Having the proper documents in place can help ensure you’re still
in control in case something happens to you. Through Principal’s You can access this service anytime after one week
relationship with ARAG, you and/or your spouse have access to from your hire date, follow these simple steps to start
free online resources to help you prepare these documents: using these resources at no cost:
— Will — Visit principal.com/willprep
— Healthcare Power of Attorney — Set up your account
— HIPAA Authorization That’s it! Once you’re logged in, you can complete
— Durable Power of Attorney the forms or download the materials you need.
— Living Will
— Medical Treatment Authorization for Minors If you need help with registration, call ARAG
Customer Care at 800.546.3718.
In addition, you can access the Personal Information Organizer
and Estate Planning Education Tools.
11Employee Stock Purchase Plan (ESPP)
Take stock in the company
The ESPP plan allows eligible employees the opportunity to purchase shares of the Company’s common stock at a discounted
price.
Principal Plan Features Description
Eligibility You are eligible to participate in the plan after 30 days of employment (prior to
January 1 and July 1) and must work 20 or more hours per week.
Enrollment & Offering Periods ESPP periods are for six months:
— January 1st – June 30th
— July 1st – December 31st
The open enrollment period is approximately 10 days during the month (December and
June) preceding the first day of the ESPP period.
Your Contributions Eligible employees may elect to contribute between 1% and 10% of their base salary
during the offering period. During the offering period, employees are locked into that
percentage, but may withdraw from the plan at any time.
Purchase Purchase shares at a discount of 15% from the fair market value of Sage stock at the
close of business on the first day of the offering period and the last day of the offering
period, whichever price is less.
Accessing Your Account
Go to www.solium.com
At any time, you may see the elections that you made for ESPP. The website also has information about options and
PSUs.
You may also call the Participant Services Group at Solium at 877-380-7793.
12Voluntary Benefits
Even more great benefits
Identity Theft Protection —Allstate Identity Pet Insurance
Protection Formerly known as InfoArmor
As a pet owner, you want the best for your pet and to keep
Your identity is made up of more than your Social Security them healthy. We also know that veterinary fees can be
number and your bank accounts. That’s why Allstate’s expensive. If your pet becomes suddenly sick or hurt, would
Identity Protection plan does more than monitor your you have enough saved to cover the expenses? Nationwide
credit reports and scores. They safeguard your personal Pet Insurance gives you access to the best care without
information, the data you share and the relationships you straining your budget. There are three types of Nationwide
treasure. Plans available:
With Allstate’s Identity Protection plan, you can: — Major Medical Plan with Pet Wellness Plan
— Run your personalized Allstate Digital Footprint and see — Major Medical Plan only
your digital exposure
— Pet Wellness Plan only
— Check you identity health score
With this benefit, you can use any veterinarian worldwide
— View, manage and clear alerts in real time
including specialists and emergency providers. Pet
— Monitor your credit scores and reports for any changes insurance covers a wide range of services including:
or errors
— Accidents such as poisonings, cuts and broken bones
— Receive alerts for cash withdrawals, balance transfers
— Common illnesses such as ear infections, rashes,
and large purchases from any linked bank account
vomiting and diarrhea
— Monitor linked social media accounts for questionable
— Serious/chronic illnesses such as cancer, diabetes, and
content and signs of account takeover
allergies
— Reduce solicitation attempts by opting out of credit
— Hereditary conditions
card offers, telemarketing calls, commercial mail and
email and unrequested coupons — Procedures/Services such as surgeries, prescription
medications and hospitalization
— Protect your account with biometric authentication
security in iOS and Android — Wellness, which includes exams, vaccinations and flea/
heartworm preventive
— Get reimbursed for stolen 401(k) & HSA funds and
advances for fraudulent tax returns All pets (regardless of age) are eligible for a policy. To
get pricing and enroll your pets, visit www.petinsurance.
Cost per Paycheck
com/sagerx.
$4.98/person
$8.98/family
For more information, visit www.myaip.com or call
800.789.2720.
13Time Off
Refresh, rejuvenate or care for family
Discretionary Time Off Sage 5@5 Sabbatical
At Sage, we foster a work environment built on a culture To support the well-being of our Sageans, we offer an
of trust and responsibility. You should have the flexibility extraordinary opportunity to pause along your journey
to take the time off that you need, when you need it — to at Sage in order to rest/refresh/refocus in whatever way
achieve balance in your life and deliver exceptional results you choose — traveling, spending time with family, self-
when you are on the job. development through education, community service, etc.
All US employees have discretionary time off with manager All regular, full-time and part-time employees in good
approval. Note: Case Manager employees in Raleigh have standing are eligible after every five years of continuous
paid time off according to years of service. service from their date of hire or rehire date. Sabbaticals
should be coordinated through your manager with
Holidays notification provided through Workday, our people system.
We recognize all the major holidays at Sage in addition to a — After 5 years of service and every 5 years thereafter: 5
holiday shutdown. Our holiday schedule differs slightly for weeks paid sabbatical
Raleigh to accommodate business needs. Refer to the full
— $1,000 cash bonus (less applicable taxes and 401(k)
schedule available on Synapse.
contribution) if two or more weeks of the sabbatical are
devoted to an education program or community service.
Family Medical Care Leave (FMCL)
Supporting our commitment to family centricity, Sage provides Parental Leave
paid leave to attend to the serious health condition of a
Sage recognizes how important it is to spend time with
parent, grandparent, sibling, spouse, domestic partner, child,
your new child.
stepchild or other significant person in an employee’s life.
Sage provides 12 weeks, 100% paid leave for new mom’s
Eligible employees are provided up to four weeks of paid
and dad’s who are welcoming a newly born and/or adopt-
leave at 100% of base salary; and eight additional weeks
ed child.
at 50% of base salary with approval through benefits@
sagerx.com. In addition, birth-giving parents will receive a one-week
pre-partum leave and eight weeks of disability leave, or
more if medically required by your doctor.
Grandparents:
Mental Health Days
— 3 days paid grandparents leave
Sage provides two annual company “Mental Health”
days to coincide with the Mondays following daylight Notification for leave should be provided to your manager
savings in the fall and spring: and benefits@sagerx.com.
— US: 2021 — March 15 & November 8
— UK : 2021 – March 28 & October 31
For roles with mission critical work that must be
performed on these particular days (e.g., Sage Central
Adoption Assistance
and those in the field), alternative days can be taken You can receive up to $10,000 to help with the
with appropriate management coordination. expenses of adopting a child.
14Other Benefits to Support Your Well-Being
Programs and resources to help you and your family live well
Wellness Incentives/Benefits
Sage offers generous savings to help you keep fit. Circles Concierge
— 50% discounted membership at Cambridge Athletic Circles Concierge is a personal assistance
Club program designed to give you a helping hand
— Reimbursement for fitness-related expenses in the when managing priorities both in and out of the
amount of 50% up to $400 per year. Eligible expenses workplace. You only pay for goods and services
include: health club memberships, fitness classes that are purchased on your behalf. A few examples
and home gym equipment (e.g., treadmills, elliptical of services include:
machines, free weights, nautilus machines, stationary — Vetting home contractors and landscapers,
bikes, etc.) ensuring all are in good standing with the Better
Business Bureau
Tuition Reimbursement
— Moving and storage referrals
Sage will reimburse you up to $10,000 per calendar year for
employees who are interested in pursuing a formal degree. — Arranging pet services when you leave town
— Organizing flower delivery for any occasion
Tutor.com
— Planning special events, from start to finish
Tutor.com is an online service that provides flexibility for
parents and their children to get one-on-one personalized — Researching and planning vacation itineraries
support and instruction in over 180 subjects. Tutors are also — Researching summer camp options
available for college level classes as well as test prep for AP
exams, college entry exams and grad examns (LSATs, GRE, — Booking spa and wellness appointments
etc.) This benefit is provided at no cost to you. — And more
You can register at www.tutor.com/sagerx using your Sage To access Circles Concierge, call 888-786-7786
email address. or email circlesconcierge@circles.com. You can
also visit https://community.circles.com (Access
EdNavigator
Code: SAGE).
EdNavigator developed a weekly online resource for parents
and their children, which will run for the full upcoming school
year (September 2020–June 2021).
Resources include tips for managing school, work, family
and life activities, weekly schedule templates, family-friendly
meal ideas and recipes as well as personalized support.
This benefit is provided at no cost to you.
You can register for a free account at https://kindaguide.org
and enter employer code SRX44.
15Other Benefits to Support Your Well-Being
Programs and resources to help you and your family live well
Care@Work Auto & Homeowners Insurance
— Free Care.com membership, with exclusive benefits for Sage Therapeutics has partnered with Liberty Mutual to offer
children, seniors, pets and home care you special savings on quality auto and home insurance.
Auto and home insurance is a voluntary benefit, and you
— Take advantage of backup care (up to 10 days) for
can switch anytime throughout the year. You are not limited
eligible children and adults
to the open enrollment period.
— Ability to use backup care for tutoring support
Along with valuable savings, enjoy access to benefits, such
— Access to services including dog walkers, errand as:
runners, tuition assistance programs, summer camps,
— 24-hour claims assistance
etc.
— Better Car ReplacementTM
— Get personalized support from Care Specialists to
match you with the right care givers — Convenient Payment Options
— Proactive, personalized, human approach to senior — Multi-Policy Discount
care solutions based on your specific family needs
— Accident Forgiveness
To learn more about Care.com services and associated
To learn more and get a free quote, call Liberty Mutual at
fees and to get started, visit sagerx.care.com.
844-208-4682 or visit them online at www.libertymutual.
com/sagerx.
Parking/Commuter Reimbursement
(Cambridge, MA only)
Sage offers onsite parking (or nearby parking garage)
or a $300 green transportation benefit and up to $200
reimbursement for MBTA commuter rail, T or boat passes.
Technology Benefit
You may expense up to $1,000 every two years. This
includes technology that will help you do your job better,
such as either a smartphone or tablet, as well as other
options including fitness trackers or headphones.
Mobile Phone Reimbursement
Sage reimburses up to $150 per month for mobile data use
for employees who utilize their phone for work.
16Great Employee Perks
For the fun of it
As a Sage employee, enjoy these great company perks: Fully Stocked Kitchens
— You’ll never be hungry with access to breakfast, snacks,
Gifts for New Parents
lunches and coffee on tap (Sageans love their food!)
— 6 months worth of diapers and wipes
— Breast pump assistance up to $350 Fitness Competitions
— TaskRabbit gift card — Hire someone to help out with — Stay in shape and meet new colleagues by participating
household chores/services, grocery deliveries, etc. in our company wide fitness competitions
— Milk Stork partnership — For our breastfeeding moms Fitness Classes & Clubs (Cambridge)
that travel for Sage; we will pay for you to ship your
— Safe fitness classes are available to all employees
breastmilk home while away from home
— Join our Sage Moves Club, a run/walk club that meets
— Access to the suite of Ovia Health applications
every Tuesday and Thursday
Corporate Members
Chair Massages
— Free tickets to the Museum of Science and Boston
— Periodically available to provide you with a
Children’s Museum
much-needed brain break.
— Charles River & Canoe Kayak Passes through Paddle
Boston Swag!
— We have desk drops, giveaways, and Sage t-shirts
Raleigh Members galore!
— Museum of Life and Science in Durham, NC — You can visit the Swag Store through Synapse.
Summer Sizzlers
— Start the weekend early and enjoy half days on
designated Fridays in the summer!
Employee Discount Marketplace
Through BenefitHub, you can get thousands of deals in
numerous categories, including retailers, restaurants,
fitness clubs and more. Visit https://sage.benefithub.com
(use referral number: SZGX16).
Brain Food Sessions
— Learn about a department, new initiative, or hear from a
patient advocate
17Benefit Contacts
When you need more information
If you have any questions about your benefits, email benefits@sagerx.com or reach out to our carriers directly for more
information.
Benefit/Carrier Telephone Website
Medical
800-262-2583 www.bluecrossma.org
Blue Cross Blue Shield of MA
Health Reimbursement Account
888-346-5800 https://my.healthequity.com/ClientLogin.aspx
HealthEquity
Dental
800-522-1254 www.bluecrossma.com
Blue Cross Blue Shield of MA
Vision
800-877-7195 www.vsp.com
VSP
Flexible Spending Accounts
888-346-5800 www.healthequity.com
HealthEquity
Life, AD&D and Disability
800-351-7500 —
Reliance Standard
401(k) Savings Plan
800-547-7754 www.principal.com
Principal
Employee Stock Purchase Plan
877-380-7793 www.solium.com
Solium
Caregiver Services
855-781-1303 https://sagerx.care.com
Care@Work
Concierge
888-786-7786 https://community.circles.com
Circles
Employee Assistance Program
800-648-9557 www.my.kgalifeservices.com
KGA
Identity Theft Protection
800-789-2720 www.myprivacyarmor.com
InfoArmor
Pet Insurance
877-738-7874 www.petinsurance.com/sagerx
Nationwide
Auto & Homeowners Insurance
844-208-4682 www.libertymutual.com/sagerx
Liberty Mutual
Online Tutoring Services
— www.tutor.com/sagerx
Tutor.com
Education Resource https://kindaguide.org
EdNavigator —
Employer Code: SRX44
Total Rewards Center: Click here to access all our benefit and wellness information for internal resources (e.g., plan
documents, links, contact information, and more).
Important Legal Disclosures
Please refer to the separate Legal Disclosures document for important annual benefit notices.
18Notes
19Disclaimer This guide provides only a brief summary of the benefits available under Sage Therapeutics’ Benefits Program. In the event of a discrepancy between this summary and the Plan Documents, the Plan Documents will govern. Sage Therapeutics retains the right to modify or eliminate these or any other benefits at any time and for any reason.
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