Oracle Benefits Cloud 2023 Implementation Professional : 1Z0-1053-23

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Oracle 1Z0-1053-23 Exam Syllabus Topics:

Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. January 31, 2017

A) Tasks to prepare for open enrollment
B) Valid type of life event
C) Overspending in flex credit shell plans
D) Coverage start date for employee

2. Can you define overspending of a budget pool in flex credit shell plans?

A) Yes, you can define it in the spending options.
B) Yes, you can define it as per the flex credit formula.
C) No, you do not have a place holder.
D) Yes, you can define it in the standard rates.

3. The reinstatement rule enables you to restore elections during which two events?

A) The open event was backed out by the administrator from the Benefits Service Center.
B) The intervening life event activated the open event.
C) The open event was accidentally backed out.
D) An intervening life event backed out the open event.

4. 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 Rate Value
B) Standard Coverage Volume
C) Standard wash Rule formula
D) Standard input Value

5. A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?

A) They should have configured an eligibility fast formula
B) They should have enabled a plan restriction fast formula.
C) They should not have enabled the Assign on Default button for the options.
D) They should have created an Option 3: Coverage Declined.

Solutions: