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

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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. 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 22, 2017
B) December 28, 2016
C) January 31, 2017
D) January 15, 2017

2. The benefits administrator has configured five rates for five different legal entities. After implementation, an employeelogs 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 of the unit of measure "Money".
C) The rate amount "Assign on Enrollment" is enabled for five legal entities.
D) The rate amount is not configured for the employee's specific legal employer.

3. A Global Dental Plan has the following options attached to it:
Option 1: Employee Only
Option 2: Employee Plus Spouse
Option 3: Employee Plus Spouse Plus Children
The company wants an employee to select only one option which will be restricted for two years. After two
/ears the employee will get an opportunity to enroll into a new GlobalDental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i,
2017 as the plan is restricted.
How can you configure this scenario for the company?

A) Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.
B) Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.
C) Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
D) Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.

4. Which three areas contain tasks to prepare for an open enrollment period?

A) Person Management work area
B) Enrollment and My Information work areas
C) Payroll Calculation work area
D) Plan Configuration work area
E) Evaluation and Reporting work areas

5. Which statement about Waive options is true?

A) Waive options are options which do not require any dependent/beneficiary designation.
B) Waive options are used when employeesdo not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
C) Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
D) 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.

Solutions: