1Z0-1053 Exam Training Practice Tests (Oracle Benefits Cloud 2019 Implementation Essentials)]

Question 1

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 but not closed. Marriage LE is triggered but has not yet made elections. B. New Hire l-E is complete and closed. Marriage IE 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 LE is complete and closed. Marriage LE is triggered because of the data change.

Correct Answer: D

Question 2

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: First of the Month
Previous Coverage End Date: End of the Month B. Coverage and Pate Date Ranges:
Coverage Start Date: End 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 Rate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: First of the Next Month

Correct Answer: C

Question 3

Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2018. What two steps must you perform as an administrator to stop existing participant enrollments and prevent new enrollments?

A. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending. B. Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active. C. Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active, D. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending. E. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.

Correct Answer: C

Question 4

Which two are program types when you configure Flex Credits?

A. Flex Credits and Core B. Flex C. Core D. Other Credits

Correct Answer: A,C

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Question 5

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 configured an eligibility fast formula B. They should have created an Option 3: Coverage Declined. C. They should have enabled a plan restriction fast formula. D. They should not have enabled the Assign on Default button for the options.

Correct Answer: C

Question 6

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 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. D. 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 Plan

Correct Answer: A

Oracle Benefits Cloud 2019 Implementation Essentials - 1Z0-1053 Exam Practice Test