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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. Which statement about Waive options is true?

A) Waive options are options which do not require any dependent/beneficiary designation.
B) Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
C) Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
D) Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.

2. Achieved via configuration

A) Designating dependents on Train Stop
B) Overspending in flex credit shell plans
C) Number of train stops on benefits enrollment page
D) Valid type of Life Event

3. 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 secondary rate with the calculation method as Multiple of Coverage.
B) 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.
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 primary rate with the calculation method as Multiple of Coverage.

4. 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.
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 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.
D) 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.

5. 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 General Information, leave the Global check box blank 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 Additional Information, select the Self-Assigned check box 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.

Solutions: