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Vendor: Oracle
Exam Code: 1Z0-1053-22
Exam Name: Oracle Benefits Cloud 2022 Implementation Professional
Certification: Oracle Certifications
Total Questions: 60 Q&A ( View Details)
Updated on: Jan 11, 2025
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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 created an Option 3: Coverage Declined.
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 enabled a plan restriction fast formula.
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
A. Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
B. The amount of deduction from employee pay check for enrollment is varied based on a life event.
C. Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
D. Life eventsaffect benefits processing for a participant.
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. 40
B. 130
C. 32.5
D. 30
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