Exam Name: Oracle Benefits Cloud 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Benefits Cloud
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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Eligibility and Enrollment Management | - Enrollment Rules and Life Events Processing - Eligibility Profiles Configuration |
| Topic 2: Benefits Configuration and Setup | - Define Plan Types and Options - Configure Benefits Offering Structure |
| Topic 3: Troubleshooting and Support | - Resolve Enrollment Issues - System Configuration Validation |
| Topic 4: Plan Administration and Maintenance | - Manage Plan Changes and Updates - Manage Benefit Plans and Programs |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
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 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.
- 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 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.
Correct Answer: A 🗳️
Which statement about Waive options is true?
- A. Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.
- B. Waive options are options which do not require any dependent/beneficiary designation.
- C. Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
- D. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
Correct Answer: C 🗳️
1The 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?
- A. The rate amount Is a variable rate for the employee,s legal employer.
- B. The rate amount is not configured for the employee,s specific legal employer.
- C. The rate amount "Assign on Enrollment" is enabled for five legal entities.
- D. The rate amount is of the unit of measure "Money".
Correct Answer: B 🗳️
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
- A. Each occurrence of the life event causes participation evaluation processing to reconsider the person,s eligibility for the object.
- B. Each occurrence of the life event causes participation evaluation processing to reconsider the plan,s availability for a program.
- C. The amount of deduction from employee pay check for enrollment is varied based on a life event.
- D. Life events affect benefits processing for a participant.
Correct Answer: B,D 🗳️
Explanation: Only visible for NewPassLeader members. You can sign-up / login (it's free).
As of event start date
- A. Termination life event configuration
- B. Valid type of life event
- C. Life event start date
- D. Creation of enrollment results
Correct Answer: C 🗳️
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