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Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting and Integration | 20% | - Standard Benefits Reports - Analytics and Dashboards - Security and Access Configuration - Integration with HCM Cloud |
| Topic 2: Configuring Benefits | 35% | - Life Events and Enrollment Setup - Introduction to Oracle Benefits Cloud - Eligibility Profiles and Derived Factors - Plan and Program Configuration |
| Topic 3: Administering Benefits | 20% | - Benefits Administration Tasks - Rates, Coverage, and Flex Credits - Billing and Court Order Processing - Benefits Extract and Data Transmission |
| Topic 4: Benefits Enrollment Management | 25% | - Scheduled and Open Enrollment - Self-Service Enrollment Display - Collapsing Rules and Event Processing - Dependent and Beneficiary Setup |
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
To which two benefits objects can Year Period be attached to?
- A. Program
- B. Plan Type
- C. Option
- D. Plan
Correct Answer: B,C 🗳️
Explanation: Only visible for Real4Prep members. You can sign-up / login (it's free).
Which two are correct processes regarding performing the Benefits Extractsetup?
- A. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- B. Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.
- C. Extract benefits enrollment information into a single XML file for each plan carrier.
- D. Configure plan carrier details and extract options using the Manage Plan Carriers task.
- E. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
Correct Answer: C,D 🗳️
Explanation: Only visible for Real4Prep members. You can sign-up / login (it's free).
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 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.
- B. Configure a primary rate with the calculation method as Multiple of Coverage.
- C. 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.
- D. Configure a secondary rate with the calculation method as Multiple of Coverage.
Correct Answer: B 🗳️
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 plusChild, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?
- A. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- B. 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..
- C. 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.
- D. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
Correct Answer: C 🗳️
XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event - Termination?
- A. Configure Termination as a Life event underthe Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
- B. Configure Termination as a Lifeevent under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula. - C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Number of Days from the event" as the enrollment period start date and the number field as 15. - D. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula. - E. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
Correct Answer: B 🗳️
