Oracle Benefits Cloud 2023 Implementation Professional : 1Z0-1053-23

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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. A plan is created for a calendar year from 01/01/2017 and ends on 12/31/2017. 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 coverage start date
B) as of event start date
C) as of enrollment start date
D) as of rate start date

2. Which is not a valid type of life event?

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

3. The benefits admin runs an open enrollment window on 03/01/2017 for Program: XX Life Insurance, but cannot find the life event date of 03/15/2017. What could be a reason for this?

A) A cycle has already run for open enrollment, so no life event date is available.
B) The benefits admin has a login from the previous date to that of 03/15/2017.
C) There is no configuration for open enrollment for the XX Life Program.
D) The life event date configured for XX Life Program is not 03/15/2017.

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 Input Value
B) Standard Wash Rule Formula
C) Standard Rate Value
D) Standard Coverage Value

5. Which statement about configuring Designation Requirements is true?

A) A plan must have the waive option for Designation Requirement to be configured.
B) A Designation Requirement can be configured for a plan with no option.
C) A plan must have multiple options for Designation Requirement to be configured.
D) A Designation Requirement cannot be configured for a plan with no option.

Solutions: