Study HIGH Quality 1Z0-1053-21 Free Study Guides and Exams Tutorials
Download Oracle 1Z0-1053-21 Exam Dumps to Pass Exam Easily
NEW QUESTION 10
Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers.
What can you define so that participants who are covered by a plan for less than a full have no premium obligation?
- A. Standard wash Rule formula
- B. Standard input Value
- C. Standard Rate Value
- D. Standard Coverage Volume
Answer: B
NEW QUESTION 11
XX Lifeinsurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?
- A. Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan
- B. Create one derived factor. Create an eligibility profileand configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
- C. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
- D. Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
Answer: D
NEW QUESTION 12
Which two are correct processes regarding performing the Benefits Extractsetup?
- A. Configure plan carrier details and extract options using the Manage Plan Carriers task.
- B. Extract benefits enrollment information into a single XML file for each plan carrier.
- C. Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.
- D. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
- E. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
Answer: A,B
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAI
NEW QUESTION 13
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 last day of the open enrollment period.
- B. It is the date on which default benefits assignments are made.
- 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.
Answer: A
NEW QUESTION 14
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 benefits administrator has a login from the previous date to that of 15 March 20l7.
- B. There is no configuration for open enrollment for theXX Life Program.
- C. A cycle has already run for open enrollment, so no life event date is available.
- D. The life event date configured for XX Life Program is not 15 March 2017
Answer: A
NEW QUESTION 15
Which benefit object must be created prior to creating an option?
- A. Rate
- B. Plan Type
- C. Coverage
- D. Plan
Answer: B
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/program-and-plan-creation.
NEW QUESTION 16
Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2018. What two steps must you perform as an administrator to stop existing participant enrollments and prevent new enrollments?
- A. Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.
- B. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
- C. Edit the new plan with sessioneffective date as January 1 of the upcoming plan year 2018, and the status as Active.
- D. Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,
- E. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
Answer: D
NEW QUESTION 17
The benefits administrator has configured five rates for five different legal entities. After implementation, an employeelogs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section.
Why can't the employee see the assigned rate amount?
- A. The rate amount is not configured for the employee's specific legal employer.
- B. The rate amount Is a variable rate for the employee's legal employer.
- C. The rate amount is of the unit of measure "Money".
- D. The rate amount "Assign on Enrollment" is enabled for five legal entities.
Answer: A
NEW QUESTION 18
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
- A. Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
- B. The amount of deduction from employee pay check for enrollment is varied based on a life event.
- C. Life eventsaffect benefits processing for a participant.
- D. Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
Answer: C,D
Explanation:
Explanation
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm
NEW QUESTION 19
How do you configure the link between the payroll module and benefits?
- A. Link the payroll to the plan salary basis.
- B. Link the element to the plan coverage.
- C. Link the element to the plan rate.
- D. Link the payroll to the plan coverage.
Answer: C
NEW QUESTION 20
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
- A. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
- B. All plans in 3 plan type can be displayed on different trainstops as groupings are done at the program level.
- C. All plans can be configured at the plan level.
- D. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.
Answer: D
NEW QUESTION 21
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open Enrollment and Open Unrestricted Enrollment
- B. Open All and Unrestricted All
- C. Open New Hire Enrollment and Unrestricted New Hire Enrollment
- D. Open Scheduled and Unrestricted Scheduled
Answer: C
NEW QUESTION 22
Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?
- A. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
- B. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
- C. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
- D. Assign individuals to the benefit group using the Manage Person Habits andBenefit Groups task in the Enrollment work area.
- E. Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
Answer: D
NEW QUESTION 23
Your customer wants to run a report which displays, by participant, a choice list of programs, plans, and options in which the participant may elect to enroll, as well as areas for the participant to designate dependents and beneficiaries.
How do you accomplish thisrequirement?
- A. Run the Person Enrollment Summary Report from the Enrollment work area.
- B. Run the Enrollment Kit Report from the Benefits Enrollment work area.
- C. Run the EnrollmentKit Report from Benefits Self-Service.
- D. Run the Person Enrollment Summary Report from Benefits Self Service.
- E. Run the Real Time Analysis: Participant Enrollment Results from the Reports and Analytics work area.
Answer: B
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-benefits-processing
NEW QUESTION 24
Which three are change opportunities an organization can implement during Open Enrollment?
- A. update rates
- B. enroll in existing plans
- C. modify plan configuration
- D. decline coverage
- E. Start new benefit offerings
Answer: A,C,D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.ht
NEW QUESTION 25
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?
- A. The number of train stops can be configured.
- B. 0
- C. 1
- D. 2
Answer: A
NEW QUESTION 26
Which two statements are correct with respect to required action in the eligibility profile?
- A. If only one eligibility profile is added to an object,then the criteria in that profile may or may not be satisfied, even if the Required option is not selected.
- B. If all profiles are optional, then at least one of the profiles must be satisfied.
- C. If all profiles are requited, then at least one of the profiles must be satisfied.
- D. If some but not all profiles arerequired, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
Answer: A
NEW QUESTION 27
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 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.
- 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 separate-eligibility profile. Then enroll the first of executives into a sample dataand send the summary reports to the company.
Answer: C
NEW QUESTION 28
......
Get 100% Real Free Oracle Benefits Cloud 1Z0-1053-21 Sample Questions: https://freetorrent.dumpsmaterials.com/1Z0-1053-21-real-torrent.html
