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Stop‑loss insurance renewal will cost Coatesville district roughly $635,000, up 33% from last year
Summary
The finance committee reviewed a proposed Highmark stop‑loss renewal for 2026–27 at $635,000 (a 33% increase over $476,567). Staff said the plan reimburses individual claims exceeding a $435,000 deductible and cited three large claims that activated coverage this past year.
The Coatesville Area School District finance committee reviewed a stop‑loss policy renewal from Highmark Insurance Group on July 14 that would raise the district’s stop‑loss premium to $635,000 for 2026–27, a 33% increase from last year’s $476,567 level. Staff presented comparables from other carriers and said a fourth carrier declined to quote.
Chair Liz Muirhead said the district is self‑insured; staff explained stop‑loss coverage reimburses claims that exceed an individual deductible — in this case $435,000. The committee heard that three large individual claims this year (roughly $525,000, $650,000 and $900,000) had triggered the stop‑loss reimbursement and that, when those reimbursements are considered, the plan has saved taxpayers money compared with the uninsured exposure.
"So even though it is a significant increase, when we look at the net impact on the budget, considering the three incidences so far where it came into play, it's a net benefit," Chair Muirhead said. Committee members asked about alternatives and comparables; staff said multiple quotes were requested and one carrier declined. The finance committee voted to move the renewal recommendation forward to the full board for consideration.
The stop‑loss renewal will appear on the full board agenda for formal approval; the committee did not adopt the policy at the July 14 meeting.
