Oracle 1Z0-1053-21 Exam Questions : Oracle Benefits Cloud 2021 Implementation Essentials

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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

Question 1

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

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

Question 2

A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan's year period.
What is the communicated rate value?

A. 32.5
B. 130
C. 30
D. 40

Question 3

How many life events can be included in a collapsing rule?

A. 7
B. 8
C. 12
D. 10

Question 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 Rate Value
B. Standard Coverage Volume
C. Standard input Value
D. Standard wash Rule formula

Question 5

Which statement about Waive options is true?

A. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
B. Waive options are options which do not require any dependent/beneficiary designation.
C. Waive options are used when employeesdo not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
D. Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.

Solutions: