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QUESTION 11
A benefits administrator processed an enrollment for one employee, and manually added the life event “XYZ” as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, the benefits administrator clicked “Collapse Life Event”. Upon processing the life event tab, the benefits administrator received an error saying two or more life events were in the detected phase.
Why did the collapsing rule fail?

 
 
 
 

QUESTION 12
Which is NOT a derived factor type?

 
 
 
 

QUESTION 13
The company has the following two plans:
1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family
2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3: Employee Plus Spouse Plus Child The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?

 
 
 
 

QUESTION 14
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:

 
 
 
 

QUESTION 15
Which two are correct processes regarding performing the Benefits Extract setup?

 
 
 
 
 

QUESTION 16
To which two benefits objects can Year Period be attached to?

 
 
 
 

QUESTION 17
A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
What must the minimum and maximum plan limit be set at Plan Type level?

 
 
 
 

QUESTION 18
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?

 
 
 
 

QUESTION 19
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?

 
 
 
 

QUESTION 20
Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers.
What can you define so that participants who are covered by a plan for less than a full have no premium obligation?

 
 
 
 

QUESTION 21
A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan’s year period.
What is the communicated rate value?

 
 
 
 

QUESTION 22
Your customer does NOT want the system to detect temporal events whenever a marriage life event is detected and processed by the application.
How do you accomplish this requirement?

 
 
 
 
 

QUESTION 23
The reinstatement rule enables you to restore elections during which two events?

 
 
 
 

QUESTION 24
How do you set up a Termination life event to end coverage at the end of the month?

 
 
 
 

QUESTION 25
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?

 
 
 
 
 

QUESTION 26
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?

 
 
 
 

QUESTION 27
How many life events can be included in a collapsing rule?

 
 
 
 

QUESTION 28
XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event – Termination?

 
 
 
 
 

QUESTION 29
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?

 
 
 
 

QUESTION 30
Which statement about configuring Designation Requirements is true?

 
 
 
 

QUESTION 31
An employee logs into the self-service page. The employee enters into one plan and makes an election in the plan available. While making electrons, the employee notices that the option’s rate amount isn’t displayed in the total summary section on the right side of the page.
Which is a reason for this problem?

 
 
 
 

QUESTION 32
Your customer wants to run a report which displays, by participant, a choice list of programs, plans, and options in which the participant may elect to enroll, as well as areas for the participant to designate dependents and beneficiaries.
How do you accomplish this requirement?

 
 
 
 
 

QUESTION 33
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?

 
 
 
 

QUESTION 34
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?

 
 
 
 

Oracle 1z0-1053-22 Exam Syllabus Topics:

Topic Details
Topic 1
  • Set up benefits extracts, extract and transmit data to plan carriers
  • Create benefit plans and programs
Topic 2
  • Explain benefit reports
  • Create benefits groups
Topic 3
  • Manage Enrollments- Benefits Service Center
  • Explain common administrative tasks
Topic 4
  • Benefits Billing and Court Orders
  • Manage an open enrollment period
Topic 5
  • Prepare for an open enrollment period
  • Manage benefit coverage and rates
Topic 6
  • Configure enrollment display
  • Explain collapsing rules

 

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