Oracle 1Z0-1053-21 : Oracle Benefits Cloud 2021 Implementation Essentials

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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. How many life events can be included in a collapsing rule?

A) 10
B) 8
C) 12
D) 7

2. 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 15, 2017
B) December 28, 2016
C) January 22, 2017
D) January 31, 2017

3. 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 life event had expired.
D) The number of proximity days was specified as 20.

4. 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 wash Rule formula
C) Standard input Value
D) Standard Coverage Volume

5. Which is NOT a valid type of life event?

A) Temporal
B) Scheduled
C) Unrestricted
D) Explicit
E) Restricted

Solutions: