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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. Which is NOT a valid type of life event?

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

2. 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 plusChild, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?

A) Configure the eligibility profile with parameter - Person Type > Employee and Employment tab > Salaried or Hourly as Salaried. Related coverage > Eligible for another plan and attach this to both the plans..
B) Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
C) Configure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab >Salaried o. Hourly as Salaried" Related coverage > Eligible in another option in plan and attach this to both the plans.
D) Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.

3. 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?

A) 130
B) 40
C) 30
D) 32.5

4. 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?

A) Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.
B) Configure a primary rate with the calculation method as Multiple of Coverage.
C) Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.
D) Configure a secondary rate with the calculation method as Multiple of Coverage.

5. A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1. Address Change life event status: Detected
2. New Hire life event: Manual
What does this status signify?

A) A New Hire life event was manually selected, or the Configure the Timeliness Evaluation setting of a particular life event set the An Address Change event was triggered for the person and participation evaluate processing has not yet evaluated it.
B) A New Hire life event wasmanually selected.
An Address Change event was triggered for the person and participation evaluation processing was evaluated.
C) A New Hire life event was manually selected.
An Address Change event was triggered for the person, and participation evaluation processing has not yet evaluated it.
D) A New Hire life event was manually selected.
An Address Change event is yet to be triggered and processed for, the employee.

Solutions: