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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Core Benefits Setup | 10% | - Plan year and organizational structure configuration - Carrier and third-party integration setup - Benefits Cloud architecture and components |
| Topic 2: Enrollment and Processing | 25% | - Flex credits, cost sharing and coverage setup - Self-service enrollment configuration - Enrollment rules, periods and default elections |
| Topic 3: Eligibility and Life Events | 25% | - Life event types, triggers and processing rules - Enrollment eligibility and restriction setup - Collapsing rules and event processing |
| Topic 4: Integration, Administration and Reporting | 10% | - Benefits extracts, data transmission and billing - Integration with HR and Payroll modules - Reporting, analytics and enrollment results |
| Topic 5: Benefits Design and Configuration | 30% | - Rate definitions, contributions and calculations - Plan types, classifications, programs and options creation - Eligibility profiles and rule definition |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self-Set vice.
How do you accomplish this requirement?
- A. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- B. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
- C. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
- D. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
- E. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
Correct Answer: C 🗳️
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 a secondary rate with the calculation method as Multiple of Coverage.
- C. 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.
- D. 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.
Correct Answer: C 🗳️
Which two statements are true about Enrollment Authorizations?
- A. They are optional to implement. If implemented, performing the authorization task is optional for the participant.
- B. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
- 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 read and accept the terms provided in the text before they are able to enroll.
- E. They appear only the first time that the participant enters self-service enrollment for multiple life events.
Correct Answer: A,B 🗳️
Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self Service. How do you accomplish this requirement?
- A. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- B. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for admins.
- C. Select Display Signature in the Confirmation section while managing Benefits Self Service configuration.
- D. Select the same admin category on the Edit Plan Type page while managing Benefits Self Service configuration.
- E. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
Correct Answer: C 🗳️
Can you change the column text of primary and secondary rates on the Benefit self-service page?
- A. Yes, a change option is available in the Configure Grouping Display task.
- B. No, a change option is not available in the Configure Grouping Display task.
- C. No, a change option is available in the Configure Grouping Display task, but it doesn,t allow a text change.
- D. Yes, a change option is available in the Enrollment Configuration task.
Correct Answer: A 🗳️
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