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Oracle 1Z0-1053-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Plan Administration and Maintenance- Manage Plan Changes and Updates
- Manage Benefit Plans and Programs
Topic 2: Benefits Configuration and Setup- Define Plan Types and Options
- Configure Benefits Offering Structure
Topic 3: Eligibility and Enrollment Management- Enrollment Rules and Life Events Processing
- Eligibility Profiles Configuration
Topic 4: Troubleshooting and Support- Resolve Enrollment Issues
- System Configuration Validation

Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?

A) All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.
B) All plans can be configured at the plan level.
C) All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
D) All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.


2. Optional, mandatory for participant

A) Rate visibility issue
B) Overspending in flex credit shell plans
C) Enrollment authorization requirements
D) Creation of enrollment results


3. 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 individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
B) Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
C) Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
D) Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
E) Assign individuals to the benefit group using the Manage Person task in the Person Management work area.


4. When you add an open scheduled event to a program of plans not in program, what is the significance of the Assigned Life Event Date?

A) It is the first day of the open enrollment period.
B) It is the last day of open enrollment period.
C) It is the date on which default benefits assignments are made.
D) It is the effective date of the open event and the date on which eligibility is evaluated.


5. You are a benefits consultant implementing for a company that offers a life Insurance plan for employees with only one option -Employee Plus Family. The rate for this option is dependent on various factor5 like age/smoking status/gender:

A female employee in the under 40 age group, who is a smoker, wants to purchase $100,000 of life insurance. The plan would be 2.1 (100,000 * 0.21/1000), considering 5100,000 is the coverage she opts for. The calculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).
How can you configure a rate for the company's plan?

A) Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.
B) Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.
C) Configure a secondary rate with the calculation method as Multiple of Coverage.
D) Configure a primary rate with the calculation method as Multiple of Coverage.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: A

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