1Z0-1053-23 Practice Online

Question 1

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 life event date configured for XX Life Program is not 15 March 2017

B : There is no configuration for open enrollment for the XX Life Program.

C : A cycle has already run for open enrollment, so no life event date is available.

D : The benefits administrator has a login from the previous date to that of 15 March 20l7.

Answer: D

Question 2

A company wants to display the following text on its Benefit Employee Self Service:

“Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase

additional days through the.”

How do you configure this?

A : Configure plan type grouping display -> administration usage -> self-service description text

B : Configure plan type grouping display -> self-service usage -> self-service description text

C : Manage enrollment authorization -> administration usage -> self-service description text

D : Manage enrollment authorization -> self-service usage -> self-service description text

Answer: C

Question 3

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

A : Coverage and Rate Date Ranges:

Coverage Start Date: End of the Month

Previous Coverage End Date: First of the Next Month

B :

Coverage and Rate Date Ranges:

Coverage Start Date: First of the Month

Previous Coverage End Date: End of the Month

C :

Coverage and Rate Date Ranges:

Coverage Start Date: First of the Next Month

Previous Coverage End Date: End of the Month

D :

Coverage and Pate Date Ranges:

Coverage Start Date: End of the Month

Previous Coverage End Date: End of the Month

Answer: C

Question 4

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 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.

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

Answer: D

Question 5

The benefits administrator has configured five rates for five different legal entities. After implementation, an

employee logs 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?

A : The rate amount Is a variable rate for the employee's legal employer.

B : The rate amount is of the unit of measure "Money".

C : The rate amount is not configured for the employee's specific legal employer.

D : The rate amount "Assign on Enrollment" is enabled for five legal entities.

Answer: C

Name:	Oracle Benefits Cloud 2023 Implementation Professional
Exam Code:	1Z0-1053-23
Certification:	Oracle Cloud
Vendor:	Oracle
Total Questions:	62
Last Updated:	May 15, 2024

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