Oracle Benefits Cloud 2021 Implementation Essentials - 1Z0-1053-21 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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. 3 C. 5 D. 4

Discussion 0

Correct Answer: B Vote an answer

Question 2

A Global Dental Plan has the following options attached to it:
Option 1: Employee Only
Option 2: Employee Plus Spouse
Option 3: Employee Plus Spouse Plus Children
The company wants an employee to select only one option which will be restricted for two years. After two
/ears the employee will get an opportunity to enroll into a new GlobalDental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i,
2017 as the plan is restricted.
How can you configure this scenario for the company?

A. Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels. B. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab. C. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years. D. Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.

Discussion 0

Correct Answer: C Vote an answer

Question 3

Your customer decided to use some delivered explicit life events in their business. What is your next step asan HCM Consultant after defining triggers as per the retirement?

A. Associate the life events only with benefit plans which are in a program. B. Associate the life events with benefit plans or program. C. Associate the life events only with Core benefit programs. D. Associate the life events with only flexible benefit programs. E. Associate the life events only with benefit plans which are not in a program.

Discussion 0

Correct Answer: B Vote an answer

Question 4

Given:
1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
2. The Transfer event occurred on January 10, 20lb.
3. TheTimeliness rule was configured for both life events to 90 days and the collapsing rule was also set When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
Which two are reasons for this?

A. The process doesn't evaluate other events that occur later than the Marriage event until you decide what action to take for that event. B. The Marriage eventoccurred before the Transfer event. C. The employee is not eligible for life events. D. No collapsing rule was set.

Discussion 0

Correct Answer: A Vote an answer

Question 5

Which two statements are true about Enrollment Authorizations?

A. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant. B. They appear only the first time that the participant entersself-service enrollment for multiple life events. C. They appear several times if the participant enters self-service multiple times for a single life event. D. If they are implemented, participants must readand accept the terms provided in the text before they are able to enroll. E. They are optional to implement. If implemented, performing the authorization task is optional for the participant.

Discussion 0

Correct Answer: B,E Vote an answer

Question 6

The Open life event for a plan was backed out. The benefits administrator reprocessedthe Open life event and found the earlier elections us originally enrolled in the plan.
What is the reason for this status?

A. The life event reinstatement rule was configured. B. The life event was not backed out properly. C. The life event was configured for another date. D. The life event date was different.

Discussion 0

Correct Answer: A Vote an answer

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Question 7

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 effective date of the open event and the date on which eligibilityis evaluated. D. It is the first day of the open enrollment period.

Discussion 0

Correct Answer: B Vote an answer