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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enrollment and Processing | 25% | - Flex credits, cost sharing and coverage setup - Self-service enrollment configuration - Enrollment rules, periods and default elections |
| Topic 2: Core Benefits Setup | 10% | - Benefits Cloud architecture and components - Carrier and third-party integration setup - Plan year and organizational structure configuration |
| Topic 3: Eligibility and Life Events | 25% | - Life event types, triggers and processing rules - Enrollment eligibility and restriction setup - Collapsing rules and event processing |
| Topic 4: Integration, Administration and Reporting | 10% | - Integration with HR and Payroll modules - Reporting, analytics and enrollment results - Benefits extracts, data transmission and billing |
| Topic 5: Benefits Design and Configuration | 30% | - Eligibility profiles and rule definition - Plan types, classifications, programs and options creation - Rate definitions, contributions and calculations |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
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 input Value
- B. Standard Coverage Volume
- C. Standard wash Rule formula
- D. Standard Rate Value
Correct Answer: A 🗳️
Which three are correct methods by which enrollment results can be created and made available for viewing?
- A. when an electable choice is saved as a part of self-service enrollment
- B. after the Evaluate Life Events batch process is completed successfully
- C. when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment
- D. after the Close Enrollment process has completed
- E. when a default enrollment is processed
Correct Answer: A,B,C 🗳️
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. December 28, 2016
- C. January 15, 2017
- D. January 31, 2017
Correct Answer: D 🗳️
Coverage Start Date: First of the Next Month
- A. Valid type of life event
- B. Life event start date
- C. Global health plan options
- D. Termination life event configuration
Correct Answer: D 🗳️
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 not have enabled the Assign on Default button for the options.
- B. They should have configured an eligibility fast formula
- C. They should have created an Option 3: Coverage Declined.
- D. They should have enabled a plan restriction fast formula.
Correct Answer: D 🗳️
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