2023 Valid 1z0-1053-22 Real Exam Questions, practice Oracle Benefits Cloud [Q22-Q42]

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2023 Valid 1z0-1053-22 Real Exam Questions, practice Oracle Benefits Cloud

Latest Success Metrics For Actual 1z0-1053-22 Exam (Updated 62 Questions)

Oracle 1z0-1053-22 Exam Syllabus Topics:

Topic Details
Topic 1
  • Benefits Billing and Court Orders
  • Manage an open enrollment period
Topic 2
  • Manage Enrollments- Benefits Service Center
  • Explain common administrative tasks
Topic 3
  • Explain benefit reports
  • Create benefits groups
Topic 4
  • Prepare for an open enrollment period
  • Manage benefit coverage and rates
Topic 5
  • Set up benefits extracts, extract and transmit data to plan carriers
  • Create benefit plans and programs

 

QUESTION 22
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?

 
 
 
 

QUESTION 23
Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?

 
 
 
 
 

QUESTION 24
The benefits administrator runs an open enrollment window on March 1, 2017 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2017. What could be a reason for this?

 
 
 
 

QUESTION 25
Can you change the column text of primary and secondary rates on the Benefit self-service page?

 
 
 
 

QUESTION 26
Can you define overspending of a budget pool in flex credit shell plans?

 
 
 
 

QUESTION 27
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?

 
 
 
 

QUESTION 28
An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of 100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?

 
 
 
 

QUESTION 29
An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date – January 1, 201/
2) Enrollment Period End Date – January 31, 2017
3) Assign Defaults Date – January 31, 2017
4) Assigned Life Event Date – January 15, 2017
5) Coverage Start Date – Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?

 
 
 
 

QUESTION 30
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?

 
 
 
 

QUESTION 31
Which three areas contain tasks to prepare for an open enrollment period?

 
 
 
 
 

QUESTION 32
Which benefit object must be created prior to creating an option?

 
 
 
 

QUESTION 33
A Global Dental Plan has the following options attached to it:
Option 1: Employee Only
Option 2: Employee Plus Spouse
Option 3: Employee Plus Spouse Plus Children
The company wants an employee to select only one option which will be restricted for two years. After two /ears the employee will get an opportunity to enroll into a new Global Dental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i, 2017 as the plan is restricted.
How can you configure this scenario for the company?

 
 
 
 

QUESTION 34
Which two are program types when you configure Flex Credits?

 
 
 
 

QUESTION 35
How do you set up a Termination life event to end coverage at the end of the month?

 
 
 
 

QUESTION 36
XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?

 
 
 
 

QUESTION 37
A benefits administrator processed an enrollment for one employee, and manually added the life event “XYZ” as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, the benefits administrator clicked “Collapse Life Event”. Upon processing the life event tab, the benefits administrator received an error saying two or more life events were in the detected phase.
Why did the collapsing rule fail?

 
 
 
 

QUESTION 38
A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan’s year period.
What is the communicated rate value?

 
 
 
 

QUESTION 39
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?

 
 
 
 
 

QUESTION 40
Which is NOT a derived factor type?

 
 
 
 

QUESTION 41
The company has the following two plans:
1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family
2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3: Employee Plus Spouse Plus Child The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?

 
 
 
 

QUESTION 42
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?

 
 
 
 

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