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Pasadena ISD approves $3.5 million stop-loss insurance with Aetna
Summary
The Pasadena ISD Board approved a $3,506,148 Medical and Rx Stop Loss Coverage self-funded plan with Aetna to be paid from the district health fund; the motion passed unanimously 7–0.
The Pasadena Independent School District Board of Trustees voted unanimously Nov. 18 to approve the district's Medical and Rx Stop Loss Coverage Self-Funded Health Plan (CSP #26P-016LP) with Aetna Life Insurance Company for $3,506,148, to be paid through the district's health fund.
Board member Marshall Kendrick moved to approve the contract and Nelda Sullivan seconded; the motion passed 7–0. The item was presented under the personnel section as a recommendation for the district's employee health-plan risk management. The board record lists the contracted amount as $3,506,148 and identifies Aetna Life Insurance Company as the vendor.
Approval of stop-loss insurance shifts catastrophic claim risk off the district's self-funded health plan; the board discussed the item as part of personnel and benefits considerations for 2025–2026 but did not record additional changes to plan design in the minutes. No dissenting votes were recorded.
