Oracle Benefits Cloud 2017 Implementation Essentials

Question 1

Which three are change opportunities an organization can implement during Open Enrollment?

A. decline coverage

B. enroll in existing plans

C. update rates

D. Start new benefit offerings

E. modify plan configuration

Correct Answer: A,C,E

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Question 2

An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of
100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?

A. This requirement cannot be achieved in the current system offerings.

B. This requirement can be completely achieved with configuration only.

C. This requirement cannot be achieved with configurations, and would require custom Fast Formula.

D. This requirement can be achieved through customization only.

Correct Answer: A

Question 3

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

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

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

C. after the Evaluate Life Events batch process is completed successfully

D. after the Close Enrollment process has completed

E. when a default enrollment is processed

Correct Answer: A,B,C

Question 4

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

Question 5

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?

A. 5

B. 3

C. 4

D. 6

Correct Answer: B

Question 6

Which is NOT a derived factor type?

A. Grade

B. Full-Time Equivalent

C. Hours Worked

D. Compensation

Correct Answer: A

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Oracle Benefits Cloud 2017 Implementation Essentials - 1z0-973 Exam Practice Test

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