[Feb-2023] Oracle 1z0-1053-22 DUMPS WITH REAL EXAM QUESTIONS [Q34-Q51]

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[Feb-2023] Oracle 1z0-1053-22 DUMPS WITH REAL EXAM QUESTIONS

2023 New ActualPDF 1z0-1053-22 PDF Recently Updated Questions

Oracle 1z0-1053-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Benefits Billing and Court Orders Manage an open enrollment period
Topic 2	Manage Enrollments- Benefits Service Center Explain common administrative tasks
Topic 3	Explain benefit reports Create benefits groups
Topic 4	Working with Evaluation and Reporting Work area Create eligibility profiles
Topic 5	Manage benefit year periods, plan types, and options Configure life events
Topic 6	Prepare for an open enrollment period Manage benefit coverage and rates
Topic 7	Set up benefits extracts, extract and transmit data to plan carriers Create benefit plans and programs

NEW QUESTION 34
A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverage plan 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?

NEW QUESTION 35
How do you set up a Termination life event to end coverage at the end of the month?

Coverage and Rate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: First of the Next Month

Coverage and Rate Date Ranges:
Coverage Start Date: First of the Month
Previous Coverage End Date: End of the Month

Coverage and Rate Date Ranges:
Coverage Start Date: First of the Next Month
Previous Coverage End Date: End of the Month

Coverage and Pate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: End of the Month

NEW QUESTION 36
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?

All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.

All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.

All plans can be configured at the plan level.

All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.

NEW QUESTION 37
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?

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.

Configure a secondary rate with the calculation method as Multiple of Coverage.

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.

Configure a primary rate with the calculation method as Multiple of Coverage.

NEW QUESTION 38
An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:

No life event is detected.

No option is available for the plan for enrollment.

No unrestricted event is available for the employee.

The employee is not eligible for the enrollment.

NEW QUESTION 39
XX Life insurance 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?

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

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.

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.

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.

NEW QUESTION 40
How do you configure the link between the payroll module and benefits?

Link the element to the plan rate.

Link the element to the plan coverage.

Link the payroll to the plan salary basis.

Link the payroll to the plan coverage.

NEW QUESTION 41
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 plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?

Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.

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..

Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.

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.

NEW QUESTION 42
The Open life event for a plan was backed out. The benefits administrator reprocessed the Open life event and found the earlier elections us originally enrolled in the plan.
What is the reason for this status?

The life event date was different.

The life event was not backed out properly.

The life event reinstatement rule was configured.

The life event was configured for another date.

NEW QUESTION 43
Which three are correct methods by which enrollment results can be created and made available for viewing?

when a default enrollment is processed

after the Evaluate Life Events batch process is completed successfully

after the Close Enrollment process has completed

when an electable choice is saved as a part of self-service enrollment

when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment

NEW QUESTION 44
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?

The number of train stops can be configured.

NEW QUESTION 45
Can you upload student and disability status for multiple persons at one time?

Yes, it can be accomplished through a benefit administrator task.

Yes, it can be accomplished by creating a benefit group.

Yes, it can be accomplished through the spreadsheet loader.

No, this option isn’t available.

NEW QUESTION 46
What are the different types of open enrollment options available under Scheduled tab in program?

Open All and Unrestricted All

Open Scheduled and Unrestricted Scheduled

Open New Hire Enrollment and Unrestricted New Hire Enrollment

Open Enrollment and Open Unrestricted Enrollment

NEW QUESTION 47
An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?

Dependent/Beneficiary designation can only be done on the plan enrollment page (where an employee chooses options). So, this cannot be achieved.

This can be achieved via customization only.

This can be achieved via configuration.

This cannot be achieved.

NEW QUESTION 48
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?

Standard Rate Value

Standard Coverage Volume

Standard input Value

Standard wash Rule formula

NEW QUESTION 49
Which two statements are correct with respect to required action in the eligibility profile?

If all profiles are requited, then at least one of the profiles must be satisfied.

If some but not all profiles are required, then all required profiles must be satisfied and at least one optional profile must also be satisfied.

If all profiles are optional, then at least one of the profiles must be satisfied.

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.

NEW QUESTION 50
Which benefit object must be created prior to creating an option?

Rate

Plan Type

Plan

Coverage

NEW QUESTION 51
A plan is created for a calendar year from January 1, 2017 and ends on December 31, 2017. The company wants to create an event on the occurrence of life event date.
What will be the life event start date?

as of rate start date

as of coverage start date

as of event start date

as of enrollment start date