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Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. Which two are program types when you configure Flex Credits?

A) Flex
B) Other Credits
C) Flex Credits and Core
D) Core

2. An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date - January 1, 201/
2) Enrollment Period End Date - January 31, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?

A) January 31, 2017
B) December 28, 2016
C) January 15, 2017
D) January 22, 2017

3. A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1. Address Change life event status: Detected
2. New Hire life event: Manual
What does this status signify?

A) A New Hire life event was manually selected, or the Configure the Timeliness Evaluation setting of a particular life event set the An Address Change event was triggered for the person and participation evaluate processing has not yet evaluated it.
B) A New Hire life event was manually selected.
An Address Change event is yet to be triggered and processed for, the employee.
C) A New Hire life event wasmanually selected.
An Address Change event was triggered for the person and participation evaluation processing was evaluated.
D) A New Hire life event was manually selected.
An Address Change event was triggered for the person, and participation evaluation processing has not yet evaluated it.

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 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.

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

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

Solutions: