Oracle Benefits Cloud 2020 Implementation Essentials

Question 1

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 LE is complete but not closed. Marriage LE is triggered but has not yet made elections.

B. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.

C. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.

D. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.

Correct Answer: D

Question 2

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 effective date of the open event and the date on which eligibility is evaluated.

B. It is the date on which default benefits assignments are made.

C. It is the first day of the open enrollment period.

D. It Is the last day of the open enrollment period.

Correct Answer: D

Question 3

A company wants to display the following text on its Benefit Employee Self Service:
"Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?

A. Configure plan type grouping display -> self-service usage -> self-service description text

B. Configure plan type grouping display -> administration usage -> self-service description text

C. Manage enrollment authorization -> self-service usage -> self-service description text

D. Manage enrollment authorization -> administration usage -> self-service description text

Correct Answer: D

Question 4

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

A. This can be achieved via configuration.

B. This cannot be achieved.

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

D. This can be achieved via customization only.

Correct Answer: A

Question 5

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?

A. as of enrollment start date

B. as of coverage start date

C. as of rate start date

D. as of event start date

Correct Answer: D

Question 6

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

B. 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.

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

D. 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.

Correct Answer: A

Oracle Benefits Cloud 2020 Implementation Essentials - 1Z0-1053-20 Exam Practice Test

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