The Cape Girardeau School District 63 board authorized renewal of the district's stop‑loss insurance for the employee group health plan, allowing the superintendent or a designee to renew the existing contract effective Jan. 1, 2026 with annual premium costs not to exceed $1,000,000.

Speaker 2 explained the purpose of stop‑loss coverage: "Once you hit a $150,000 it goes into your stop loss, and they, take over the payments for those high claims," noting the coverage protects the district from very large claims that would otherwise be costly to the district's self‑insured plan.

The motion to authorize renewal was made and seconded on the consent of the board; members responded in the affirmative and the recommendation carried.

Why it matters: Stop‑loss insurance limits the district's exposure to large individual health claims and is a recurring budgetary expense for employee benefits planning. The board set a not‑to‑exceed annual premium figure for budgeting purposes.

Next steps: District staff or the superintendent's designee will execute renewal paperwork consistent with the board's authorization.