[Dec-2025] The Best Oracle Benefits Cloud Study Guide for the 1Z0-1053-23 Exam
1Z0-1053-23 certification guide Q&A from Training Expert Free4Torrent
NEW QUESTION # 24
Which two statements are true about Enrollment Authorizations?
- A. They appear several times if the participant enters self-service multiple times for a single life event.
- B. If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
- C. They are optional to implement. If implemented, performing the authorization task is optional for the participant.
- D. They appear only the first time that the participant enters self-service enrollment for multiple life events.
- E. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
Answer: C,E
NEW QUESTION # 25
Which two are program types when you configure Flex Credits?
- A. Other Credits
- B. Core
- C. Flex
- D. Flex Credits and Core
Answer: B,C
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.html#FAIBF1085855_2
NEW QUESTION # 26
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 date was different.
- B. The life event was configured for another date.
- C. The life event reinstatement rule was configured.
- D. The life event was not backed out properly.
Answer: B
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION # 27
Termination life event configuration
- A. Plan Configuration, Evaluation and Reporting
- B. Coverage Start Date: First of the Next Month
- C. Intervening life event backed out open event
- D. Configurable
Answer: B
NEW QUESTION # 28
Plan Configuration, Evaluation and Reporting
- A. Number of train stops on benefits enrollment page
- B. Overspending in flex credit shell plans
- C. Tasks to prepare for open enrollment
- D. Valid type of life event
Answer: C
NEW QUESTION # 29
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 30
The benefits admin has configured five rates for five different legal entities. After implementation, an employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section. Why can''t the employee see the assigned rate amount?
- A. The rate amount is a variable rate for the employee,s legal employer.
- B. The rate amount is of the unit measure of "Money".
- C. The rate amount is not configured for the employee,s specific legal employer.
- D. The rate amount "Assign on Enrollment" is enabled for five legal entities.
Answer: C
NEW QUESTION # 31
A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverage plan 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. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 32
A company wants to display the following text on its Benefits Employee Self Service: "Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
- A. Configure plan type grouping display > administration usage > self-service description text
- B. Manage enrollment authorization > administration usage > self-service description text
- C. Configure plan type grouping display > self-service usage > self-service description text
- D. Manage enrollment authorization > self-service usage > self-service description text
Answer: A
NEW QUESTION # 33
Optional, mandatory for participant
- A. Enrollment authorization requirements
- B. Overspending in flex credit shell plans
- C. Rate visibility issue
- D. Creation of enrollment results
Answer: A
NEW QUESTION # 34
This is the configuration of a collapsing life event rule: Life Event = Marriage & Dependent; Operator = AND; Resulting Event Name = Dependent; Life Event Occurred Date = Earliest Life Event Occurred Date; Proximity Days = 0. You run the collapsing rule in the scenario: 1. Marriage event occurs on 08/01/2015; 2. Dependent event occurs on 08/01/2015. What is the result?
- A. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
- B. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
- C. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
- D. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
Answer: C
NEW QUESTION # 35
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 20.
- C. The number of proximity days was specified as 0.
- D. The life event had expired.
Answer: A
NEW QUESTION # 36
Which three are correct methods by which enrollment results can be created and made available for viewing?
- A. when a default enrollment is processed
- B. after the Evaluate Life Events batch process is completed successfully
- C. when an electable choice is saved as a part of self-service enrollment
- D. after the Close Enrollment process has completed
- E. when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment
Answer: B,C,E
NEW QUESTION # 37
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 last day of open enrollment period.
- C. It is the first day of the open enrollment period.
- D. It is the date on which default benefits assignments are made.
Answer: B
NEW QUESTION # 38
Coverage Start Date: First of the Next Month
- A. Life event start date
- B. Termination life event configuration
- C. Valid type of life event
- D. Global health plan options
Answer: B
NEW QUESTION # 39
Which is not a valid type of life event?
- A. Temporal
- B. Explicit
- C. Restricted
- D. Unrestricted
- E. Scheduled
Answer: E
NEW QUESTION # 40
A company wants to display the following text on its Benefit Employee Self Service:
"Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
- A. Configure plan type grouping display -> self-service usage -> self-service description text
- B. Manage enrollment authorization -> administration usage -> self-service description text
- C. Configure plan type grouping display -> administration usage -> self-service description text
- D. Manage enrollment authorization -> self-service usage -> self-service description text
Answer: A
NEW QUESTION # 41
A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
What must the minimum and maximum plan limit be set at Plan Type level?
- A. Min = 0, Max = 0
- B. Min = 1, Max - 1
- C. Min = 1, Max = 2
- D. Min = 0, Max = 1
Answer: C
NEW QUESTION # 42
An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of 100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?
- A. This requirement can be achieved through customization only.
- B. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
- C. This requirement cannot be achieved in the current system offerings.
- D. This requirement can be completely achieved with configuration only.
Answer: B
NEW QUESTION # 43
Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers.
What can you define so that participants who are covered by a plan for less than a full have no premium obligation?
- A. Standard wash Rule formula
- B. Standard Coverage Volume
- C. Standard input Value
- D. Standard Rate Value
Answer: C
NEW QUESTION # 44
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.
Answer: B
NEW QUESTION # 45
A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
How can the benefits administrator perform this task?
- A. Create a default life event for this task XX Admin Life event. Attach it to the Plan. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- B. Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- C. Create a default life event for this task XX Admin Life event. Create a separate-eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
- D. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
Answer: A
NEW QUESTION # 46
To which two benefits objects can Year Period be attached to?
- A. Program
- B. Plan
- C. Plan Type
- D. Option
Answer: C,D
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm
NEW QUESTION # 47
Which three are change opportunities an organization can implement during Open Enrollment?
- A. modify plan configuration
- B. update rates
- C. enroll in existing plans
- D. Start new benefit offerings
- E. decline coverage
Answer: A,B,E
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.html#FACMB1107266_2
NEW QUESTION # 48
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