Oracle Benefits Cloud 1Z0-1053-23 Braindumps

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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. Termination life event configuration

A) Intervening life event backed out open event
B) Coverage Start Date: First of the Next Month
C) Configurable
D) Plan Configuration, Evaluation and Reporting

2. 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 Rate Value
C) Standard Wash Rule Formula
D) Standard Coverage Value

3. Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self Service. How do you accomplish this requirement?

A) Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
B) Select Display Signature in the Confirmation section while managing Benefits Self Service configuration.
C) Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
D) Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for admins.
E) Select the same admin category on the Edit Plan Type page while managing Benefits Self Service configuration.

4. 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 08/01/2015; 2. Dependent event occurs on 08/01/2015. What is the result?

A) The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
B) The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
C) The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
D) The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.

5. The reinstatement rule enables you to restore elections during which two events?

A) The intervening life event activated the open event.
B) The open event was accidentally backed out.
C) The open event was backed out by the administrator from the Benefits Service Center.
D) An intervening life event backed out the open event.

Solutions: