New 1Z0-1053-21 Dumps For Preparing Oracle Benefits Cloud Certified Oracle Exam Well [Q33-Q51]

Rate this post

New 1Z0-1053-21 Dumps For Preparing Oracle Benefits Cloud Certified Oracle Exam Well

Updated 1Z0-1053-21 Dumps Questions Are Available [2022] For Passing Oracle Exam

NEW QUESTION 33
A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1. Address Change life event status: Detected
2. New Hire life event: Manual
What does this status signify?

A New Hire life event wasmanually selected.
An Address Change event was triggered for the person and participation evaluation processing was evaluated.

A New Hire life event was manually selected.
An Address Change event was triggered for the person, and participation evaluation processing has not yet evaluated it.

A New Hire life event was manually selected, or the Configure the Timeliness Evaluation setting of a particular life event set the An Address Change event was triggered for the person and participation evaluate processing has not yet evaluated it.

A New Hire life event was manually selected.
An Address Change event is yet to be triggered and processed for, the employee.

NEW QUESTION 34
What rate is used for the flex creditprogram to adjust the total cost of the program?

Standard Primary Rate

Standard Rollover Rate

Rollover Rate

Standard Secondary Rate

NEW QUESTION 35
The benefits administrator has configured five rates for five different legal entities. After implementation, an employeelogs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section.
Why can’t the employee see the assigned rate amount?

The rate amount Is a variable rate for the employee’s legal employer.

The rate amount is of the unit of measure “Money”.

The rate amount is not configured for the employee’s specific legal employer.

The rate amount “Assign on Enrollment” is enabled for five legal entities.

NEW QUESTION 36
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 GlobalDental 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?

Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.

Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.

Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.

Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.

NEW QUESTION 37
Which three are correct methods by which enrollment results can be created and made available for viewing?

when a default enrollment is processed

after the Evaluate Life Events batch process is completed successfully

after the Close Enrollment process hascompleted

when an electable choice is saved as a part of self-service enrollment

when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment

NEW QUESTION 38
Yourcustomer does NOT want the system to detect temporal events whenever a marriage life event is detected and processed by the application.
How do you accomplish this requirement?

On the life event creation page, select “Do not detect past temporal events”as the Temporal Detection Rule.

On the life event creation page, select “Never detect this temporal life event” as the Temporal Detection Rule.

On the life event creation page, select “Do not detect future temporal events” as the Temporal DetectionRule.

On the life event creation page, select “Never detect Past or future temporal events” as the Temporal Detection Rule.

On the life event creation page, select “Do not detect past or future temporal events” as the Temporal Detection Rule.

NEW QUESTION 39
A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
What must the minimum and maximum plan limit be set at Plan Type level?

Min = 1, Max – 1

Min = 1, Max = 2

Min = 0, Max = 1

Min = 0, Max = 0

NEW QUESTION 40
Which three are change opportunities an organization can implement during Open Enrollment?

decline coverage

enroll in existing plans

Start new benefit offerings

modify plan configuration

update rates

NEW QUESTION 41
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?

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.

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.

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.

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.

NEW QUESTION 42
How do you configure the link between the payroll module and benefits?

Link the element to the plan rate.

Link the element to the plan coverage.

Link the payroll to the plan salary basis.

Link the payroll to the plan coverage.

NEW QUESTION 43
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?

Each occurrence of the life event causes participation evaluation processing to reconsider the plan’s availability for a program.

The amount of deduction from employee pay check for enrollment is varied based on a life event.

Each occurrence of the life event causes participation evaluation processing to reconsider the person’s eligibility for the object.

Life eventsaffect benefits processing for a participant.

NEW QUESTION 44
Which two statements are correct with respect to required action in the eligibility profile?

If all profiles are requited, then at least one of the profiles must be satisfied.

If some but not all profiles arerequired, then all required profiles must be satisfied and at least one optional profile must also be satisfied.

If all profiles are optional, then at least one of the profiles must be satisfied.

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.

NEW QUESTION 45
This is the configuration of a collapsing life event rule:
Life event =Marriage & Dependent
Operator = AND
Resulting Event Name = Dependent
Life Event Occurred Date = Earliest Life Event Occurred Date
Proximity Days = 0
You run the collapsing rule in the scenario:
1. Marriage event occurs on August 1, 2015.
2. Dependent event occurs on August 1, 2015.
What is the result?

The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.

The collapsing rule runs the Dependent event, evaluates the Marriage event,and assigns its occurred date to August 1, 2015.

The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.

The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.

NEW QUESTION 46
An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:

No life event is detected.

Nooption is available for the plan for enrollment.

No unrestricted event is available for the employee.

The employee is not eligible for the enrollment.

NEW QUESTION 47
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?

The number of proximity days was specified as 20.

The number of proximity days was specified as 0.

The life event had expired.

The number of proximity days was specified as 15.

NEW QUESTION 48
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. TheTimeliness 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?

No collapsing rule was set.

The process doesn’t evaluate other events that occur later than the Marriage event until you decide what action to take for that event.

The employee is not eligible for life events.

The Marriage eventoccurred before the Transfer event.

NEW QUESTION 49
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?

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.

Configure a secondary rate with the calculation method as Multiple of Coverage.

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.

Configure a primary rate with the calculation method as Multiple of Coverage.

NEW QUESTION 50
Which object is NOT included in benefit export?

Eligibility profile

Program configuration

Plan notin program configuration

Element input values

NEW QUESTION 51
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?

January 15, 2017

December 28, 2016

January 31, 2017

January 22, 2017