Prepare 1Z0-1053-21 Exam Questions [2022] Recently Updated Questions
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NEW QUESTION 32
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 33
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 effective date of the open event and the date on which eligibilityis evaluated.
- B. It Is the last day of the open enrollment period.
- C. It is the date on which default benefits assignments are made.
- D. It is the first day of the open enrollment period.
Answer: B
NEW QUESTION 34
A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverageplan 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: D
NEW QUESTION 35
The benefits administrator has configured five rates for five different legal entities. After implementation, an employeelogs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section.
Why can't the employee see the assigned rate amount?
- A. The rate amount is not configured for the employee's specific legal employer.
- B. The rate amount is of the unit of measure "Money".
- C. The rate amount "Assign on Enrollment" is enabled for five legal entities.
- D. The rate amount Is a variable rate for the employee's legal employer.
Answer: A
NEW QUESTION 36
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employeeplus 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 enabled a plan restriction fast formula.
- B. They should not have enabled the Assign on Default button for the options.
- C. They should have configured an eligibility fast formula
- D. They should have created an Option 3: Coverage Declined.
Answer: A
NEW QUESTION 37
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. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
- C. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
- D. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
- E. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
Answer: A
NEW QUESTION 38
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 31, 2017
- B. January 15, 2017
- C. January 22, 2017
- D. December 28, 2016
Answer: A
NEW QUESTION 39
Can you change the column text of primary and secondary rates onthe 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 Displaytask.
- 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 40
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?
- A. 0
- B. 1
- C. The number of train stops can be configured.
- D. 2
Answer: C
NEW QUESTION 41
A company wantsto display the following text on its Benefit Employee Self Service:
"Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
- A. Manage enrollment authorization -> administration usage -> self-service description text
- B. Configure plan type grouping display -> administration usage -> self-service description text
- C. Configure plan type grouping display -> self-service usage -> self-service description text
- D. Manage enrollment authorization -> self-service usage -> self-service description text
Answer: A
NEW QUESTION 42
What rate is used for the flex creditprogram to adjust the total cost of the program?
- A. Rollover Rate
- B. Standard Primary Rate
- C. Standard Rollover Rate
- D. Standard Secondary Rate
Answer: A
NEW QUESTION 43
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. There is no configuration for open enrollment for theXX Life Program.
- B. The life event date configured for XX Life Program is not 15 March 2017
- 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 44
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
- A. The amount of deduction from employee pay check for enrollment is varied based on a life event.
- B. Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
- C. Life eventsaffect benefits processing for a participant.
- D. Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
Answer: B,C
Explanation:
Explanation
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm
NEW QUESTION 45
Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?
- A. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
- B. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
- C. Assign individuals to the benefit group using the Manage Person Habits andBenefit Groups task in the Enrollment work area.
- D. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
- E. Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
Answer: C
NEW QUESTION 46
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 enrollment start date
- B. as of event start date
- C. as of rate start date
- D. as of coverage start date
Answer: B
NEW QUESTION 47
Your customer decided to use some delivered explicit life events in their business. What is your next step asan HCM Consultant after defining triggers as per the retirement?
- A. Associate the life events with only flexible benefit programs.
- B. Associate the life events with benefit plans or program.
- C. Associate the life events only with Core benefit programs.
- D. Associate the life events only with benefit plans which are not in a program.
- E. Associate the life events only with benefit plans which are in a program.
Answer: B
NEW QUESTION 48
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