VALID 1Z0-1053-23 Exam Dumps For Certification Exam Preparation
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NEW QUESTION # 19
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
- A. All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.
- B. All plans can be configured at the plan level.
- C. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type 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 # 20
The Open life event for a plan was backed out. The benefits administrator reprocessed the 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 was not backed out properly.
- B. The life event date was different.
- C. The life event was configured for another date.
- D. The life event reinstatement rule was configured.
Answer: C
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION # 21
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 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 task in the Enrollment work area.
- E. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
Answer: D
NEW QUESTION # 22
The company has the following two plans:
1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family
2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3: Employee Plus Spouse Plus Child The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?
- A. Configure the eligibility profile with parameter - Person Type > Employee and Employment tab > Salaried or Hourly as Salaried. Related coverage > Eligible for another plan and attach this to both the plans..
- B. Configure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab > Salaried o. Hourly as Salaried" Related coverage > Eligible in another option in plan and attach this to both the plans.
- C. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- D. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
Answer: C
NEW QUESTION # 23
Can you change the column text of primary and secondary rates on the Benefit self-service page?
- A. No, a change option is not available in the Configure Grouping Display task.
- B. Yes, a change option is available in the Enrollment Configuration task.
- C. Yes, a change option is available in the Configure Grouping Display task.
- D. No, a change option is available in the Configure Grouping Display task, but it doesn,t allow a text change.
Answer: C
NEW QUESTION # 24
As of event start date
- A. Life event start date
- B. Termination life event configuration
- C. Valid type of life event
- D. Creation of enrollment results
Answer: A
NEW QUESTION # 25
Which object is NOT included in benefit export?
- A. Program configuration
- B. Plan not in program configuration
- C. Element input values
- D. Eligibility profile
Answer: B
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-exports-and-imports.html#FAIBF1020137
NEW QUESTION # 26
A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, the benefits administrator clicked "Collapse Life Event". Upon processing the life event tab, the benefits administrator received an error saying two or more life events were in the detected phase.
Why did the collapsing rule fail?
- A. The number of proximity days was specified as 15.
- B. The number of proximity days was specified as 0.
- C. The number of proximity days was specified as 20.
- D. The life event had expired.
Answer: A
NEW QUESTION # 27
Your customer wants to create an explicit life event that can be used only in two specific legal entities. How do you accomplish this requirement?
- A. On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
- B. On the Create Life Event page under General Information, select the Global check box and add specific legal entities.
- C. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
- D. On the Create Life Event page under Additional Information, leave the Self-Assigned check box blank and add specific legal entities.
Answer: C
NEW QUESTION # 28
Which two are correct processes regarding performing the Benefits Extract setup?
- A. Extract benefits enrollment information into a single XML file for each plan carrier.
- B. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
- C. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
- D. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- E. Configure plan carrier details and extract options using the Manage Plan Carriers task.
Answer: A,B
NEW QUESTION # 29
When you add an open scheduled event to a program of plans not in program, what is the significance of the Assigned Life Event Date?
- A. It is the effective date of the open event and the date on which eligibility is evaluated.
- B. It is the date on which default benefits assignments are made.
- C. It is the last day of open enrollment period.
- D. It is the first day of the open enrollment period.
Answer: C
NEW QUESTION # 30
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 # 31
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open Scheduled and Unrestricted Scheduled
- B. Open New Hire Enrollment and Unrestricted New Hire Enrollment
- C. Open Enrollment and Open Unrestricted Enrollment
- D. Open All and Unrestricted All
Answer: B
NEW QUESTION # 32
Which two statements are correct with respect to required action in the eligibility profile?
- A. If all profiles are optional, then at least one of the profiles must be satisfied.
- B. 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.
- C. If some but not all profiles are required, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
- D. If all profiles are requited, then at least one of the profiles must be satisfied.
Answer: B
NEW QUESTION # 33
What rate is used for the flex credit program to adjust the total cost of the program?
- A. Standard Secondary Rate
- B. Standard Primary Rate
- C. Rollover Rate
- D. Standard Rollover Rate
Answer: C
NEW QUESTION # 34
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 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 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.
Answer: D
NEW QUESTION # 35
Annual Health Insurance, Monthly Health Insurance
- A. Global Health Plan options
- B. Reinstatement rule events
- C. Termination Life Event configuration
- D. Overspending in flex credit shell plans
Answer: A
NEW QUESTION # 36
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. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
- B. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
- C. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
- D. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
- E. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
Answer: A
NEW QUESTION # 37
An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:
- A. No life event is detected.
- B. The employee is not eligible for the enrollment.
- C. No option is available for the plan for enrollment.
- D. No unrestricted event is available for the employee.
Answer: D
NEW QUESTION # 38
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. December 28, 2016
- B. January 31, 2017
- C. January 22, 2017
- D. January 15, 2017
Answer: B
NEW QUESTION # 39
Intervening life event backed out open event
- A. Rate visibility issue
- B. Termination life event configuration
- C. Reinstatement rule events
- D. Termination life event configuration
Answer: D
NEW QUESTION # 40
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 appear only the first time that the participant enters self-service enrollment for multiple life events.
- C. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
- D. They appear several times if the participant enters self-service multiple times for a single life event.
- E. If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
Answer: A,C
NEW QUESTION # 41
Optional, mandatory for participant
- A. Enrollment authorization requirements
- B. Rate visibility issue
- C. Creation of enrollment results
- D. Overspending in flex credit shell plans
Answer: A
NEW QUESTION # 42
Which three areas contain tasks to prepare for an open enrollment period?
- A. Person Management work area
- B. Enrollment and My Information work areas
- C. Plan Configuration work area
- D. Payroll Calculation work area
- E. Evaluation and Reporting work areas
Answer: B,C,E
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollment.html#FACMB1107266
NEW QUESTION # 43
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