New 1Z0-1053-21 Dumps For Preparing Oracle Benefits Cloud Certified Oracle Exam Well
Updated 1Z0-1053-21 Dumps Questions Are Available [2022] For Passing Oracle Exam
NEW QUESTION 28
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 input Value
- B. Standard wash Rule formula
- C. Standard Coverage Volume
- D. Standard Rate Value
Answer: A
NEW QUESTION 29
Which two statements are correct with respect to required action in the eligibility profile?
- A. If some but not all profiles arerequired, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
- B. If all profiles are requited, then at least one of the profiles must be satisfied.
- C. If only one eligibility profile is added to an object,then the criteria in that profile may or may not be satisfied, even if the Required option is not selected.
- D. If all profiles are optional, then at least one of the profiles must be satisfied.
Answer: C
NEW QUESTION 30
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 used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
- C. Waive options are options which do not require any dependent/beneficiary designation.
- D. Waive options are used when employeesdo not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
Answer: B
NEW QUESTION 31
Your customer decided to use some delivered explicit life events in their business. What is your next step asan HCM Consultant after defining triggers as per the retirement?
- A. Associate the life events only with Core benefit programs.
- B. Associate the life events only with benefit plans which are not in a program.
- C. Associate the life events only with benefit plans which are in a program.
- D. Associate the life events with only flexible benefit programs.
- E. Associate the life events with benefit plans or program.
Answer: E
NEW QUESTION 32
Which three are change opportunities an organization can implement during Open Enrollment?
- A. Start new benefit offerings
- B. enroll in existing plans
- C. decline coverage
- D. modify plan configuration
- E. update rates
Answer: C,D,E
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.ht
NEW 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?
- A. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
- B. New Hire LE is complete but not closed. Marriage LE 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.
Answer: D
NEW QUESTION 34
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 35
Yourcustomer 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?
- A. On the life event creation page, select "Do not detect future temporal events" as the Temporal DetectionRule.
- B. On the life event creation page, select "Do not detect past or future temporal events" as the Temporal Detection Rule.
- C. On the life event creation page, select "Never detect this temporal life event" as the Temporal Detection Rule.
- D. On the life event creation page, select "Never detect Past or future temporal events" as the Temporal Detection Rule.
- E. On the life event creation page, select "Do not detect past temporal events"as the Temporal Detection Rule.
Answer: A
NEW QUESTION 36
XX Lifeinsurance 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 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.
- 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 Plan
- C. Create one derived factor. Create an eligibility profileand configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
- D. 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.
Answer: D
NEW QUESTION 37
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. Life eventsaffect benefits processing for a participant.
- 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.
Answer: A,B
Explanation:
Explanation
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm
NEW QUESTION 38
Given:
1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
2. The Transfer event occurred on January 10, 20lb.
3. TheTimeliness rule was configured for both life events to 90 days and the collapsing rule was also set When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
Which two are reasons for this?
- A. The process doesn't evaluate other events that occur later than the Marriage event until you decide what action to take for that event.
- B. No collapsing rule was set.
- C. The Marriage eventoccurred before the Transfer event.
- D. The employee is not eligible for life events.
Answer: A
NEW QUESTION 39
When you add an open scheduled event to a program of plans not in the program, what is the significance or the Assigned Life Event Date?
- A. It is the first day of the open enrollment period.
- B. It is the effective date of the open event and the date on which eligibilityis evaluated.
- C. It Is the last day of the open enrollment period.
- D. It is the date on which default benefits assignments are made.
Answer: C
NEW QUESTION 40
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. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
- B. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- C. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
- D. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
- E. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
Answer: A
NEW QUESTION 41
Which two are program types when you configure Flex Credits?
- A. Other Credits
- B. Flex Credits and Core
- C. Core
- D. Flex
Answer: B,C
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.htm
NEW QUESTION 42
Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?
- A. Assign individuals to the benefit group using the Manage Person Habits andBenefit Groups task in the Enrollment work area.
- B. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
- C. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
- D. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
- E. Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
Answer: A
NEW QUESTION 43
Which is NOT a valid type of life event?
- A. Temporal
- B. Restricted
- C. Explicit
- D. Unrestricted
- E. Scheduled
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/globalcs_gs/FACMB/FACMB1479189.htm#FACMB1229710
NEW QUESTION 44
Which three are correct methods by which enrollment results can be created and made available for viewing?
- A. when an electable choice is saved as a part of self-service enrollment
- B. when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment
- C. after the Evaluate Life Events batch process is completed successfully
- D. after the Close Enrollment process hascompleted
- E. when a default enrollment is processed
Answer: A,B,C
NEW QUESTION 45
A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverageplan at extra premium
3) Life insurance plan for employee and family
4) In Network Dental Insurance plan
5) Out of network Dental insurance plan
6) Eye care plan
How many plan types do you need to configure for this customer?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 46
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it as per the flex credit formula.
- B. Yes, you can define it in the spending options.
- C. No, you do not have aplace holder.
- D. Yes, you can define it in the standard rates.
Answer: B
NEW QUESTION 47
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