Exam Name: Oracle Benefits Cloud 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Benefits Cloud
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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Integration, Administration and Reporting | 10% | - Reporting, analytics and enrollment results - Benefits extracts, data transmission and billing - Integration with HR and Payroll modules |
| Core Benefits Setup | 10% | - Benefits Cloud architecture and components - Carrier and third-party integration setup - Plan year and organizational structure configuration |
| Eligibility and Life Events | 25% | - Enrollment eligibility and restriction setup - Collapsing rules and event processing - Life event types, triggers and processing rules |
| Benefits Design and Configuration | 30% | - Plan types, classifications, programs and options creation - Eligibility profiles and rule definition - Rate definitions, contributions and calculations |
| Enrollment and Processing | 25% | - Enrollment rules, periods and default elections - Flex credits, cost sharing and coverage setup - Self-service enrollment configuration |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
Which is not a derived factor type?
- A. Full-Time Equivalent
- B. Compensation
- C. Grade
- D. Hours Worked
Correct Answer: C 🗳️
XX Life insurance 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 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.
- B. 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.
- 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.
- D. 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 PlanB.
Correct Answer: B 🗳️
How many life events can be included in a collapsing rule?
- A. 12
- B. 10
- C. 7
- D. 8
Correct Answer: B 🗳️
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 Plan Configuration work area.
- B. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
- C. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
- D. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
- E. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
Correct Answer: C 🗳️
Rate is inactive
- A. Reinstatement rule events
- B. Rate visibility issue
- C. Valid type of life event
- D. Creation of enrollment results
Correct Answer: B 🗳️
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