Name: Oracle 1Z0-1053-22 Exam
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SKU: 1Z0-1053-22
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Free Oracle 1Z0-1053-22 Exam Actual Questions

Note: Premium Questions for 1Z0-1053-22 were last updated On 04-08-2023 (see below)

Question #1

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?

AIt is the effective date of the open event and the date on which eligibility is evaluated.

BIt is the date on which default benefits assignments are made.

CIt Is the last day of the open enrollment period.

DIt is the first day of the open enrollment period.

Reveal Solution Hide Solution

Correct Answer: C

Question #2

Which three are correct methods by which enrollment results can be created and made available for viewing?

Awhen a default enrollment is processed

Bafter the Evaluate Life Events batch process is completed successfully

Cafter the Close Enrollment process has completed

Dwhen an electable choice is saved as a part of self-service enrollment

Ewhen Enrollment Authorizations are accepted by the participant as a part of self-service enrollment

Reveal Solution Hide Solution

Correct Answer: B, D, E

Question #3

How do you set up a Termination life event to end coverage at the end of the month?

ACoverage and Rate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: First of the Next Month

BCoverage and Rate Date Ranges:
Coverage Start Date: First of the Month
Previous Coverage End Date: End of the Month

CCoverage and Rate Date Ranges:
Coverage Start Date: First of the Next Month
Previous Coverage End Date: End of the Month

DCoverage and Pate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: End of the Month

Reveal Solution Hide Solution

Correct Answer: C

Question #4

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?

AConfigure 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.

BConfigure a secondary rate with the calculation method as Multiple of Coverage.

CConfigure 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.

DConfigure a primary rate with the calculation method as Multiple of Coverage.

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Correct Answer: D

Question #5

The company has the following two plans:

1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family

2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3: Employee Plus Spouse Plus Child

The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.

Which is the correct configuration for this scenario?

AConfigure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.

BConfigure the eligibility profile with parameter - Person Type > Employee and Employment tab > Salaried or Hourly as Salaried. Related coverage > Eligible for another plan and attach this to both the plans..

CConfigure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.

DConfigure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab > Salaried o. Hourly as Salaried' Related coverage > Eligible in another option in plan and attach this to both the plans.

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Correct Answer: D

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Oracle 1Z0-1053-22 Exam Questions

Free Oracle 1Z0-1053-22 Exam Actual Questions

Note: Premium Questions for 1Z0-1053-22 were last updated On 04-08-2023 (see below)