[Feb 07, 2025] 1Z0-1053-23 Practice Exam Dumps - 99% Marks In Oracle Exam
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NEW QUESTION # 39
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 # 40
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 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.
- C. 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.
- D. 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.
Answer: D
NEW QUESTION # 41
To which two benefits objects can Year Period be attached to?
- A. Plan Type
- B. Program
- C. Option
- D. Plan
Answer: A,C
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm
NEW QUESTION # 42
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 Rate Value
- B. Standard Input Value
- C. Standard Wash Rule Formula
- D. Standard Coverage Value
Answer: C
NEW QUESTION # 43
Your customer decided to use some delivered explicit life events in their business. What is your next step as an HCM Consultant after defining triggers as per the retirement?
- A. Associate the life events only with Core benefit programs.
- B. Associate the life events with only flexible benefit programs.
- C. Associate the life events only with benefit plans which are in a program.
- D. Associate the life events with benefit plans or program.
- E. Associate the life events only with benefit plans which are not in a program.
Answer: C
NEW QUESTION # 44
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 Rate Value
- C. Standard input Value
- D. Standard Coverage Volume
Answer: C
NEW QUESTION # 45
Plan Configuration, Evaluation and Reporting
- A. Number of train stops on benefits enrollment page
- B. Tasks to prepare for open enrollment
- C. Valid type of life event
- D. Overspending in flex credit shell plans
Answer: B
NEW QUESTION # 46
A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan''s year period.
What is the communicated rate value?
- A. 32.5
- B. 0
- C. 1
- D. 2
Answer: A
NEW QUESTION # 47
An employee logs into the self-service page. The employee enters into one plan and makes an election in the plan available. While making electrons, the employee notices that the option''s rate amount isn''t displayed in the total summary section on the right side of the page.
Which is a reason for this problem?
- A. The rate is configured as secondary rate and not primary rate.
- B. The rate activity type for payroll information is configured as employee contribution.
- C. The rate is inactive.
- D. The rate activity type for payroll information is configured as cost.
Answer: C
NEW QUESTION # 48
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 - 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.
- B. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- C. Configure the eligibility profile with parameter Person Type > Employee and 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. Related coverage > Eligible for another plan and attach this to both the plans..
Answer: B
NEW QUESTION # 49
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it in the spending options.
- B. No, you do not have a place holder.
- C. Yes, you can define it as per the flex credit formula.
- D. Yes, you can define it in the standard rates.
Answer: D
NEW QUESTION # 50
When you add an open scheduled event to a program of plans not in the program, what is the significance or the Assigned Life Event Date?
- A. It is the first day of the open enrollment period.
- B. It is the effective date of the open event and the date on which eligibility is evaluated.
- C. It is the date on which default benefits assignments are made.
- D. It Is the last day of the open enrollment period.
Answer: C
NEW QUESTION # 51
Which is not a valid type of life event?
- A. Scheduled
- B. Temporal
- C. Restricted
- D. Unrestricted
- E. Explicit
Answer: A
NEW QUESTION # 52
Which two are correct processes regarding performing the Benefits Extract setup?
- A. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
- B. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- C. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
- D. Configure plan carrier details and extract options using the Manage Plan Carriers task.
- E. Extract benefits enrollment information into a single XML file for each plan carrier.
Answer: C,E
Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAIHM1284833
NEW QUESTION # 53
Rate is inactive
- A. Reinstatement rule events
- B. Creation of enrollment results
- C. Valid type of life event
- D. Rate visibility issue
Answer: D
NEW QUESTION # 54
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