CPSB: Insurance & Finance Committee Meeting | November 10, 2026 | 1:30pm

The Caddo Parish Public Schools Insurance & Finance Committee met on November 10, 2026, to review employee insurance recommendations for the plan year beginning April 1, 2027. The committee discussed a proposed life-insurance restructure with the district’s benefits brokers, Lockton, while retaining The Standard as insurer. The proposal would provide all active employees with $20,000 in basic life coverage, expand supplemental coverage to one to five times salary (with up to $200,000 available without health questions), and make supplemental coverage fully employee-paid. The district said the changes were intended to improve coverage and sustainability and estimated an approximately $9,000 annual decrease in employer costs. For retirees, basic-life terms would remain unchanged for those retired before April 1, 2027; the supplemental-life subsidy would end under the proposal. Accidental death and dismemberment coverage would continue to mirror the life-insurance benefit.

The committee also reviewed health-plan changes, including a recommended 5.5% premium increase, higher out-of-pocket maximums of $4,000 for individuals and $8,000 for families, and a $10 increase for Blue Advantage; the district said that plan would retain no copay and no deductible. Other plans were expected to remain unchanged, while dental rates were still under negotiation for a later update. The agenda was approved. A motion was made and seconded to send the recommendations to the full board, but the transcript cuts off during the vote, so its result is unclear. No contract award or competitive procurement action was identified.