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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. 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?

A) Standard wash Rule formula
B) Standard input Value
C) Standard Rate Value
D) Standard Coverage Volume

2. A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employeeplus 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 not have enabled the Assign on Default button for the options.
B) They should have created an Option 3: Coverage Declined.
C) They should have enabled a plan restriction fast formula.
D) They should have configured an eligibility fast formula

3. A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?

A) Life eventsaffect benefits processing for a participant.
B) Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
C) Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
D) The amount of deduction from employee pay check for enrollment is varied based on a life event.

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

5. An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date - January 1, 201/
2) Enrollment Period End Date - January 31, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?

A) January 15, 2017
B) January 31, 2017
C) December 28, 2016
D) January 22, 2017

Solutions: