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Oracle 1z0-1053-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Manage Enrollments- Benefits Service Center Explain common administrative tasks
Topic 2	Configure enrollment display Explain collapsing rules
Topic 3	Set up benefits extracts, extract and transmit data to plan carriers Create benefit plans and programs
Topic 4	Working with Evaluation and Reporting Work area Create eligibility profiles
Topic 5	Explain benefit reports Create benefits groups

>> 1z0-1053-22 Practice Exam Questions <<

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Oracle Benefits Cloud 2022 Implementation Professional Sample Questions (Q13-Q18):

NEW QUESTION # 13
Can you define overspending of a budget pool in flex credit shell plans?

• A. Yes, you can define it in the spending options.
• B. Yes, you can define it as per the flex credit formula.
• C. No, you do not have a place holder.
• D. Yes, you can define it in the standard rates.

Answer: A
NEW QUESTION # 14
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 have created an Option 3: Coverage Declined.
• D. They should not have enabled the Assign on Default button for the options.

Answer: A
NEW QUESTION # 15
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?

• A. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
• B. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
• C. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
• D. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.

Answer: D
NEW QUESTION # 16
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 a secondary rate with the calculation method as Multiple of Coverage.
• B. 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.
• C. Configure a primary rate with the calculation method as Multiple of Coverage.
• D. 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.

Answer: C
NEW QUESTION # 17
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?

• A. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
• B. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.
• C. All plans can be configured at the plan level.
• D. All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.

Answer: B
NEW QUESTION # 18
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