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Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting and Integration | 20% | - Security and Access Configuration - Integration with HCM Cloud - Standard Benefits Reports - Analytics and Dashboards |
| Topic 2: Configuring Benefits | 35% | - Plan and Program Configuration - Eligibility Profiles and Derived Factors - Introduction to Oracle Benefits Cloud - Life Events and Enrollment Setup |
| Topic 3: Benefits Enrollment Management | 25% | - Self-Service Enrollment Display - Dependent and Beneficiary Setup - Scheduled and Open Enrollment - Collapsing Rules and Event Processing |
| Topic 4: Administering Benefits | 20% | - Rates, Coverage, and Flex Credits - Benefits Extract and Data Transmission - Billing and Court Order Processing - Benefits Administration Tasks |
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
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:
- A. Nooption is available for the plan for enrollment.
- B. The employee is not eligible for the enrollment.
- C. No life event is detected.
- D. No unrestricted event is available for the employee.
Correct Answer: D 🗳️
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?
- A. The employee is not eligible for life events.
- B. The Marriage eventoccurred before the Transfer event.
- C. No collapsing rule was set.
- D. The process doesn't evaluate other events that occur later than the Marriage event until you decide what action to take for that event.
Correct Answer: D 🗳️
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 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.
Correct Answer: C 🗳️
Which two are correct processes regarding performing the Benefits Extractsetup?
- A. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- B. Configure plan carrier details and extract options using the Manage Plan Carriers task.
- C. Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.
- D. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
- E. Extract benefits enrollment information into a single XML file for each plan carrier.
Correct Answer: B,E 🗳️
Explanation: Only visible for Prep4cram members. You can sign-up / login (it's free).
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?
- A. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
- B. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
- C. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
- D. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
Correct Answer: A 🗳️
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