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Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Reporting on Benefits | - Extract and transmit data to plan carriers - Benefit reporting basics - Enrollment results and extracts |
| Benefits Billing and Court Orders | - Manage benefit court orders - Configure benefits billing |
| Configuring Benefits | - Enrollment display and configuration - Create benefit plans, programs, groups and eligibility profiles - Plan types and options configuration - Configure life events |
| Administering Benefits | - Prepare and manage open enrollment - Common administrative tasks - Flex credits and coverage/rates management - Manage enrollments & service center tasks |
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
Which statement about Waive options is true?
- A. Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.
- B. Waive options are used when employeesdo not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
- C. Waive options are options which do not require any dependent/beneficiary designation.
- D. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
Correct Answer: D 🗳️
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 "Mid of the month" as the enrollment period start date.
- B. Configure Termination as a Lifeevent 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 underthe Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
- 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
"Number of Days from the event" as the enrollment period start date and the number field as 15.
Correct Answer: B 🗳️
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?
- A. The benefits administrator has a login from the previous date to that of 15 March 20l7.
- B. There is no configuration for open enrollment for theXX Life Program.
- C. The life event date configured for XX Life Program is not 15 March 2017
- D. A cycle has already run for open enrollment, so no life event date is available.
Correct Answer: A 🗳️
Which two statements are correct with respect to required action in the eligibility profile?
- A. If some but not all profiles arerequired, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
- B. If only one eligibility profile is added to an object,then the criteria in that profile may or may not be satisfied, even if the Required option is not selected.
- C. If all profiles are requited, then at least one of the profiles must be satisfied.
- D. If all profiles are optional, then at least one of the profiles must be satisfied.
Correct Answer: B 🗳️
A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
How can the benefits administrator perform this task?
- A. Create a default life event for this task XX Admin Life event. Attach it to the Plan. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- B. Create a default life event for this task XX Admin Life event. Create a separate-eligibility profile. Then enroll the first of executives into a sample dataand send the summary reports to the company.
- C. Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- D. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
Correct Answer: A 🗳️
