1Z0-1053-23 Exam Training Practice Tests (Oracle Benefits Cloud 2023 Implementation Professional)]

Question 1

A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverage plan at extra premium
3) Life insurance plan for employee and family
4) In Network Dental Insurance plan
5) Out of network Dental insurance plan
6) Eye care plan
How many plan types do you need to configure for this customer?

A. 4 B. 5 C. 3 D. 6

Correct Answer: A

Question 2

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

Correct Answer: C

Question 3

What are the number of train stops available in the Benefits Enrollment self-service page for the plan/program enrollment?

A. 7 B. 5 C. The number of train stops can be configured. D. 6

Correct Answer: C

Question 4

XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?

A. Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan. B. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2. C. Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance PlanB. D. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.

Correct Answer: A

Question 5

Benefit configuration for dependent options

A. Hours worked, full-time equivalent, compensation B. Optional, mandatory for participant C. Evaluate life events, close enrollment, enrollment authorizations D. Create two eligibility profiles based on age

Correct Answer: D

Question 6

Coverage Start Date: First of the Next Month

A. Termination life event configuration B. Global health plan options C. Life event start date D. Valid type of life event

Correct Answer: A

Question 7

Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self-Set vice.
How do you accomplish this requirement?

A. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration. B. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators. C. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page. D. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration. E. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.

Correct Answer: B

Question 8

How many life events can be included in a collapsing rule?

A. 8 B. 7 C. 12 D. 10

Correct Answer: D

Question 9

The benefits admin runs an open enrollment window on 03/01/2017 for Program: XX Life Insurance, but cannot find the life event date of 03/15/2017. What could be a reason for this?

A. The life event date configured for XX Life Program is not 03/15/2017. B. The benefits admin has a login from the previous date to that of 03/15/2017. C. A cycle has already run for open enrollment, so no life event date is available. D. There is no configuration for open enrollment for the XX Life Program.

Correct Answer: D

Question 10

Which is not a valid type of life event?

A. Restricted B. Temporal C. Explicit D. Unrestricted E. Scheduled

Correct Answer: E

Oracle Benefits Cloud 2023 Implementation Professional - 1Z0-1053-23 Exam Practice Test