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Our Oracle Benefits Cloud 2021 Implementation Essentials Preparation Material provides you everything you will need to take a Oracle Oracle Benefits Cloud 1Z0-1053-21 examination. Details are researched and produced by Oracle Certification Experts who are constantly using industry experience to produce precise, and logical.
Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Reporting and Integration | 20% | - Standard Benefits Reports - Integration with HCM Cloud - Security and Access Configuration - Analytics and Dashboards |
| Configuring Benefits | 35% | - Eligibility Profiles and Derived Factors - Plan and Program Configuration - Introduction to Oracle Benefits Cloud - Life Events and Enrollment Setup |
| Benefits Enrollment Management | 25% | - Self-Service Enrollment Display - Scheduled and Open Enrollment - Collapsing Rules and Event Processing - Dependent and Beneficiary Setup |
| Administering Benefits | 20% | - Rates, Coverage, and Flex Credits - Billing and Court Order Processing - Benefits Extract and Data Transmission - Benefits Administration Tasks |
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
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 IF is complete and closed. Marriage LE is triggered and has made elections.
B) New Hire LE is complete but not closed. Marriage LE is triggered but has not yet 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.
2. 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 under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.
B) 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.
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 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.
E) 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.
3. Can you change the column text of primary and secondary rates onthe Benefit self-service page?
A) Yes, a change option is available in the Enrollment Configuration task.
B) Yes, a change option is available in the Configure Grouping Displaytask.
C) No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
D) No, a change option is not available in the Configure Grouping Display task.
4. A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverageplan 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) 6
B) 4
C) 5
D) 3
5. A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
How can the benefits administrator perform this task?
A) Create a default life event for this task XX Admin Life event. Create a separate-eligibility profile. Then enroll the first of executives into a sample dataand send the summary reports to the company.
B) Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
C) Create a default life event for this task XX Admin Life event. Attach it to the Plan. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
D) Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: C |
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