Get 100% Passing Success With True 1Z0-1053-20 Exam! [Sep-2021]
Oracle 1Z0-1053-20 PDF Questions - Exceptional Practice To Oracle Benefits Cloud 2020 Implementation Essentials
NEW QUESTION 23
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 date on which default benefits assignments are made.
- B. It Is the last day of the open enrollment period.
- C. It is the first day of the open enrollment period.
- D. It is the effective date of the open event and the date on which eligibility is evaluated.
Answer: B
NEW QUESTION 24
Which object is NOT included in benefit export?
- A. Eligibility profile
- B. Plan not in program configuration
- C. Element input values
- D. Program configuration
Answer: C
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-export
NEW QUESTION 25
The benefits administrator runs an open enrollment window on March 1, 2017 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2017. What could be a reason for this?
- A. The life event date configured for XX Life Program is not 15 March 2017
- B. There is no configuration for open enrollment for the XX Life Program.
- C. The benefits administrator has a login from the previous date to that of 15 March 20l7.
- D. A cycle has already run for open enrollment, so no life event date is available.
Answer: C
NEW QUESTION 26
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. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
- B. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
- C. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
- D. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
- E. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
Answer: A
NEW QUESTION 27
XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event - Termination?
- A. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
- B. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula. - C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Number of Days from the event" as the enrollment period start date and the number field as 15. - D. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula. - E. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
Answer: B
NEW QUESTION 28
Can you change the column text of primary and secondary rates on the Benefit self-service page?
- A. No, a change option is not available in the Configure Grouping Display task.
- B. Yes, a change option is available in the Configure Grouping Display task.
- C. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
- D. Yes, a change option is available in the Enrollment Configuration task.
Answer: B
NEW QUESTION 29
A plan is created for a calendar year from January 1, 2017 and ends on December 31, 2017. The company wants to create an event on the occurrence of life event date.
What will be the life event start date?
- A. as of rate start date
- B. as of enrollment start date
- C. as of coverage start date
- D. as of event start date
Answer: D
NEW QUESTION 30
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open Scheduled and Unrestricted Scheduled
- B. Open Enrollment and Open Unrestricted Enrollment
- C. Open All and Unrestricted All
- D. Open New Hire Enrollment and Unrestricted New Hire Enrollment
Answer: D
NEW QUESTION 31
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 not have enabled the Assign on Default button for the options.
- C. They should have created an Option 3: Coverage Declined.
- D. They should have enabled a plan restriction fast formula.
Answer: D
NEW QUESTION 32
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 33
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 period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.
- B. 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.
- 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 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.
Answer: C
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 August 1, 2015.
2. Dependent event occurs on August 1, 2015.
What is the result?
- A. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
- B. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
- C. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
- D. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
Answer: D
NEW QUESTION 35
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 benefit plans which are not in a program.
- B. Associate the life events with only flexible benefit programs.
- C. Associate the life events with benefit plans or program.
- D. Associate the life events only with Core benefit programs.
- E. Associate the life events only with benefit plans which are in a program.
Answer: C
NEW QUESTION 36
Which two are correct processes regarding performing the Benefits Extract setup?
- A. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- B. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
- C. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
- 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: D,E
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAI
NEW QUESTION 37
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?
- A. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
- B. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
- C. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
- D. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
Answer: A
NEW QUESTION 38
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?
- A. The number of train stops can be configured.
- B. 0
- C. 1
- D. 2
Answer: A
NEW QUESTION 39
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it in the standard rates.
- B. Yes, you can define it as per the flex credit formula.
- C. No, you do not have a place holder.
- D. Yes, you can define it in the spending options.
Answer: D
NEW QUESTION 40
Which is NOT a valid type of life event?
- A. Restricted
- B. Scheduled
- C. Temporal
- D. Explicit
- E. Unrestricted
Answer: A
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/globalcs_gs/FACMB/FACMB1479189.htm#FACMB1229710
NEW QUESTION 41
Given:
1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
2. The Transfer event occurred on January 10, 20lb.
3. The Timeliness rule was configured for both life events to 90 days and the collapsing rule was also set When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
Which two are reasons for this?
- A. The employee is not eligible for life events.
- B. The Marriage event occurred before the Transfer event.
- C. No collapsing rule was set.
- D. The process doesn't evaluate other events that occur later than the Marriage event until you decide what action to take for that event.
Answer: D
NEW QUESTION 42
Your customer does NOT want the system to detect temporal events whenever a marriage life event is detected and processed by the application.
How do you accomplish this requirement?
- A. On the life event creation page, select "Do not detect past or future temporal events" as the Temporal Detection Rule.
- B. On the life event creation page, select "Never detect Past or future temporal events" as the Temporal Detection Rule.
- C. On the life event creation page, select "Never detect this temporal life event" as the Temporal Detection Rule.
- D. On the life event creation page, select "Do not detect past temporal events" as the Temporal Detection Rule.
- E. On the life event creation page, select "Do not detect future temporal events" as the Temporal Detection Rule.
Answer: E
NEW QUESTION 43
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. January 22, 2017
- C. January 31, 2017
- D. December 28, 2016
Answer: C
NEW QUESTION 44
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
- A. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
- B. All plans can be configured at the plan level.
- C. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.
- D. All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.
Answer: C
NEW QUESTION 45
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 activity type for payroll information is configured as cost.
- B. The rate is inactive.
- C. The rate activity type for payroll information is configured as employee contribution.
- D. The rate is configured as secondary rate and not primary rate.
Answer: B
NEW QUESTION 46
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