Oracle 1Z0-1053-20 Exam Questions (Updated 2022) 100% Real Question Answers
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Topics of Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Exam
Candidates must know the exam topics before they start of preparation. because it will help them in hitting the core. Our 1z0-1053-20 Dumps will include the following topics:
1. Configuring Benefits
- Create benefits groups
- Create eligibility profiles
- Configure life events
- Create benefit plans and programs
2. Reporting on Benefits
- Set up benefits extracts, extract and transmit data to plan carriers
- Explain benefit reports
- View enrollment results
- Working with Evaluation and Reporting Work area
3. Administering Benefits
- Manage benefit coverage and rates
- Prepare for an open enrollment period
- Manage an open enrollment period
- Configure flex credits
4. Benefits Billing and Court Orders
- Configure Benefits Billing
- Manage Benefit Court Orders
NEW QUESTION 14
The reinstatement rule enables you to restore elections during which two events?
- A. The open event was backed out by the administrator from the Benefits Service Center.
- B. An intervening life event backed out the open event.
- C. The open event was accidentally backed out.
- D. The intervening life event activated the open event.
Answer: B,C
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION 15
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. 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.
- B. 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.
- C. 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.
- D. 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.
Answer: B
NEW QUESTION 16
Which two statements are correct with respect to required action in the eligibility profile?
- A. 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.
- B. If all profiles are requited, then at least one of the profiles must be satisfied.
- C. 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.
- D. If all profiles are optional, then at least one of the profiles must be satisfied.
Answer: C
NEW QUESTION 17
Which object is NOT included in benefit export?
- A. Program configuration
- B. Element input values
- C. Plan not in program configuration
- D. Eligibility profile
Answer: B
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-export
NEW QUESTION 18
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?
- A. They should have configured an eligibility fast formula
- B. They should have created an Option 3: Coverage Declined.
- C. They should not have enabled the Assign on Default button for the options.
- D. They should have enabled a plan restriction fast formula.
Answer: D
NEW QUESTION 19
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 Benefits Self-Service configuration.
- B. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- 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 for administrators.
- E. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
Answer: D
NEW QUESTION 20
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 20.
- B. The life event had expired.
- C. The number of proximity days was specified as 0.
- D. The number of proximity days was specified as 15.
Answer: D
NEW QUESTION 21
How do you set up a Termination life event to end coverage at the end of the month?
- A. Coverage and Rate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: First of the Next Month - B. Coverage and Pate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: End of the Month - C. Coverage and Rate Date Ranges:
Coverage Start Date: First of the Next Month
Previous Coverage End Date: End of the Month - D. Coverage and Rate Date Ranges:
Coverage Start Date: First of the Month
Previous Coverage End Date: End of the Month
Answer: C
NEW QUESTION 22
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open New Hire Enrollment and Unrestricted New Hire Enrollment
- B. Open Scheduled and Unrestricted Scheduled
- C. Open All and Unrestricted All
- D. Open Enrollment and Open Unrestricted Enrollment
Answer: A
NEW QUESTION 23
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it as per the flex credit formula.
- B. Yes, you can define it in the standard rates.
- C. Yes, you can define it in the spending options.
- D. No, you do not have a place holder.
Answer: C
NEW QUESTION 24
A Global Dental Plan has the following options attached to it:
Option 1: Employee Only
Option 2: Employee Plus Spouse
Option 3: Employee Plus Spouse Plus Children
The company wants an employee to select only one option which will be restricted for two years. After two
/ears the employee will get an opportunity to enroll into a new Global Dental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i,
2017 as the plan is restricted.
How can you configure this scenario for the company?
- A. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.
- B. Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.
- C. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
- D. Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.
Answer: C
NEW QUESTION 25
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. January 22, 2017
- B. January 15, 2017
- C. December 28, 2016
- D. January 31, 2017
Answer: D
NEW QUESTION 26
How do you configure the link between the payroll module and benefits?
- A. Link the element to the plan rate.
- B. Link the payroll to the plan coverage.
- C. Link the payroll to the plan salary basis.
- D. Link the element to the plan coverage.
Answer: A
NEW QUESTION 27
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 -> 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: B
NEW QUESTION 28
The benefits administrator 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 not configured for the employee's specific legal employer.
- B. The rate amount "Assign on Enrollment" is enabled for five legal entities.
- C. The rate amount Is a variable rate for the employee's legal employer.
- D. The rate amount is of the unit of measure "Money".
Answer: A
NEW QUESTION 29
Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2018. What two steps must you perform as an administrator to stop existing participant enrollments and prevent new enrollments?
- A. Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.
- B. Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,
- C. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
- D. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.
- E. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
Answer: B
NEW QUESTION 30
A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1. Address Change life event status: Detected
2. New Hire life event: Manual
What does this status signify?
- A. A New Hire life event was manually selected, or the Configure the Timeliness Evaluation setting of a particular life event set the An Address Change event was triggered for the person and participation evaluate processing has not yet evaluated it.
- B. A New Hire life event was manually selected.
An Address Change event was triggered for the person, and participation evaluation processing has not yet evaluated it. - C. A New Hire life event was manually selected.
An Address Change event was triggered for the person and participation evaluation processing was evaluated. - D. A New Hire life event was manually selected.
An Address Change event is yet to be triggered and processed for, the employee.
Answer: A
NEW QUESTION 31
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Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Certified Professional salary
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