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Oracle 1Z0-1053-23 Exam Syllabus Topics:

Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
What must the minimum and maximum plan limit be set at Plan Type level?

A) Min = 1, Max = 2
B) Min = 0, Max = 0
C) Min = 1, Max - 1
D) Min = 0, Max = 1

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

A) 7
B) 6
C) 5
D) The number of train stops can be configured.

3. 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 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.
C) 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.
D) Configure a secondary rate with the calculation method as Multiple of Coverage.

4. When you add an open scheduled event to a program of plans not in program, what is the significance of the Assigned Life Event Date?

A) It is the date on which default benefits assignments are made.
B) It is the first day of the open enrollment period.
C) It is the effective date of the open event and the date on which eligibility is evaluated.
D) It is the last day of open enrollment period.

5. Achieved via configuration

A) Number of train stops on benefits enrollment page
B) Designating dependents on Train Stop
C) Overspending in flex credit shell plans
D) Valid type of Life Event

Solutions: