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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Troubleshooting and Support | - System Configuration Validation - Resolve Enrollment Issues |
| Benefits Configuration and Setup | - Configure Benefits Offering Structure - Define Plan Types and Options |
| Eligibility and Enrollment Management | - Enrollment Rules and Life Events Processing - Eligibility Profiles Configuration |
| Plan Administration and Maintenance | - Manage Plan Changes and Updates - Manage Benefit Plans and Programs |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
A plan is created for a calendar year from January 1, 2017 and ends on December 31, 2017. The company wants to create an event on the occurrence of life event date.
What will be the life event start date?
- A. as of rate start date
- B. as of coverage start date
- C. as of event start date
- D. as of enrollment start date
Correct Answer: C 🗳️
An employee logs into the self-service page. The employee enters into one plan and makes an election in the plan available. While making electrons, the employee notices that the option''s rate amount isn''t displayed in the total summary section on the right side of the page.
Which is a reason for this problem?
- A. The rate is configured as secondary rate and not primary rate.
- B. The rate activity type for payroll information is configured as cost.
- C. The rate is inactive.
- D. The rate activity type for payroll information is configured as employee contribution.
Correct Answer: C 🗳️
Given:
1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
2. The Transfer event occurred on January 10, 20lb.
3. The Timeliness rule was configured for both life events to 90 days and the collapsing rule was also set When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
Which two are reasons for this?
- A. The employee is not eligible for life events.
- B. The process doesn,t evaluate other events that occur later than the Marriage event until you decide what action to take for that event.
- C. No collapsing rule was set.
- D. The Marriage event occurred before the Transfer event.
Correct Answer: A 🗳️
You are a benefits consultant implementing for a company that offers a life Insurance plan for employees with only one option -Employee Plus Family. The rate for this option is dependent on various factor5 like age/smoking status/gender:
A female employee in the under 40 age group, who is a smoker, wants to purchase $100,000 of life insurance. The plan would be 2.1 (100,000 * 0.21/1000), considering 5100,000 is the coverage she opts for. The calculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).
How can you configure a rate for the company's plan?
- A. Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.
- B. Configure a secondary rate with the calculation method as Multiple of Coverage.
- C. Configure a primary rate with the calculation method as Multiple of Coverage.
- D. Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.
Correct Answer: A 🗳️
XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event - Termination?
- A. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
- B. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula.
- C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
- D. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Number of Days from the event" as the enrollment period start date and the number field as 15.
- E. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.
Correct Answer: B 🗳️
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