Exam Name: Oracle Benefits Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Benefits Cloud
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Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Configuring Benefits | - Plan types and options configuration - Create benefit plans, programs, groups and eligibility profiles - Configure life events - Enrollment display and configuration |
| Reporting on Benefits | - Benefit reporting basics - Extract and transmit data to plan carriers - Enrollment results and extracts |
| Administering Benefits | - Prepare and manage open enrollment - Common administrative tasks - Manage enrollments & service center tasks - Flex credits and coverage/rates management |
| Benefits Billing and Court Orders | - Configure benefits billing - Manage benefit court orders |
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
This is the configuration of a collapsing life event rule:
Life event =Marriage & Dependent
Operator = AND
Resulting Event Name = Dependent
Life Event Occurred Date = Earliest Life Event Occurred Date
Proximity Days = 0
You run the collapsing rule in the scenario:
1. Marriage event occurs on August 1, 2015.
2. Dependent event occurs on August 1, 2015.
What is the result?
- A. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
- B. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
- C. The collapsing rule runs the Dependent event, evaluates the Marriage event,and assigns its occurred date to August 1, 2015.
- D. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
Correct Answer: B 🗳️
The reinstatement rule enables you to restore elections during which two events?
- A. The open event was accidentally backed out.
- B. An intervening life event backed out the open event.
- C. The intervening life event activated the open event.
- D. The open event was backed out by the administrator from the Benefits Service Center.
Correct Answer: A,B 🗳️
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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 with configurations, and would require custom Fast Formula.
- B. This requirement can be achieved through customization only.
- C. This requirement cannot be achieved in the current system offerings.
- D. This requirement can be completely achieved with configuration only.
Correct Answer: C 🗳️
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.
Correct Answer: D 🗳️
The benefits administrator runs an open enrollment window on March 1,2017 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2017. What could be a reason for this?
- A. The life event date configured for XX Life Program is not 15 March 2017
- B. The benefits administrator has a login from the previous date to that of 15 March 20l7.
- C. A cycle has already run for open enrollment, so no life event date is available.
- D. There is no configuration for open enrollment for theXX Life Program.
Correct Answer: B 🗳️
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