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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Benefits Configuration and Setup | - Define Plan Types and Options - Configure Benefits Offering Structure |
| Topic 2: Plan Administration and Maintenance | - Manage Benefit Plans and Programs - Manage Plan Changes and Updates |
| Topic 3: Eligibility and Enrollment Management | - Enrollment Rules and Life Events Processing - Eligibility Profiles Configuration |
| Topic 4: Troubleshooting and Support | - Resolve Enrollment Issues - System Configuration Validation |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
Explicit, Temporal, Scheduled, Unrestricted
- A. Termination life event configuration
- B. Valid type of life event
- C. Creation of enrollment results
- D. Tasks to prepare for open enrollment
Correct Answer: C 🗳️
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?
- A. They should have enabled a plan restriction fast formula.
- B. They should have configured an eligibility fast formula
- C. They should not have enabled the Assign on Default button for the options.
- D. They should have created an Option 3: Coverage Declined.
Correct Answer: A 🗳️
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 event start date
- B. as of rate start date
- C. as of coverage start date
- D. as of enrollment start date
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 "Mid of the month" as the enrollment period start date.
- C. 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.
- D. 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.
- 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 period start date type formula.
Correct Answer: E 🗳️
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 Marriage event occurred before the Transfer event.
- 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. The employee is not eligible for life events.
- D. No collapsing rule was set.
Correct Answer: C 🗳️
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