Oracle Benefits Cloud 2021 Implementation Essentials : 1Z0-1053-21 valid dumps

1Z0-1053-21 real exams

Exam Code: 1Z0-1053-21

Exam Name: Oracle Benefits Cloud 2021 Implementation Essentials

Updated: Dec 19, 2024

Q & A: 62 Questions and Answers

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Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. Which statement about configuring Designation Requirements is true?

A) A Designation Requirement can be configured for a plan with no option.
B) A plan must have multiple options for Designation Requirement to be configured.
C) A Designation Requirement cannot be configured for a plan with no option.
D) A plan must have the waive option for Designation Requirement to be configured.


2. 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?

A) Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
B) Edit the new plan with sessioneffective date as January 1 of the upcoming plan year 2018, and the status as Active.
C) Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
D) Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.
E) Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,


3. What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?

A) 5
B) 6
C) 7
D) The number of train stops can be configured.


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


5. 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 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.
B) Configure a secondary rate with the calculation method as Multiple of Coverage.
C) 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.
D) Configure a primary rate with the calculation method as Multiple of Coverage.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: E
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: D

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