Pass 1Z0-1053-26 Exam in First Attempt Guaranteed 100% Cover Real Exam Questions [Oct-2026]
Valid 1Z0-1053-26 test answers & Oracle 1Z0-1053-26 exam pdf
NEW QUESTION # 21
Plan Configuration, Evaluation and Reporting
- A. Tasks to prepare for open enrollment
- B. Valid type of life event
- C. Overspending in flex credit shell plans
- D. Number of train stops on benefits enrollment page
Answer: A
NEW QUESTION # 22
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?
- A. 0
- B. The number of train stops can be configured.
- C. 1
- D. 2
Answer: B
NEW QUESTION # 23
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it in the spending options.
- B. No, you do not have a place holder.
- C. Yes, you can define it as per the flex credit formula.
- D. Yes, you can define it in the standard rates.
Answer: A
NEW QUESTION # 24
Which statement about configuring Designation Requirements is true?
- A. A plan must have multiple options for Designation Requirement to be configured.
- B. A Designation Requirement can be configured for a plan with no option.
- C. A Designation Requirement cannot be configured for a plan with no option.
- D. A plan must have the waive option for Designation Requirement to be configured.
Answer: A
NEW QUESTION # 25
How do you set up a Termination life event to end coverage at the end of the month?
- A. Coverage and Rate Date Ranges:
- B. Coverage and Rate Date Ranges:
- C. Coverage and Rate Date Ranges:
- D. Coverage and Pate Date Ranges:
Answer: B
NEW QUESTION # 26
A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, the benefits administrator clicked "Collapse Life Event". Upon processing the life event tab, the benefits administrator received an error saying two or more life events were in the detected phase.
Why did the collapsing rule fail?
- A. The number of proximity days was specified as 0.
- B. The number of proximity days was specified as 20.
- C. The life event had expired.
- D. The number of proximity days was specified as 15.
Answer: D
NEW QUESTION # 27
Annual Health Insurance, Monthly Health Insurance
- A. Overspending in flex credit shell plans
- B. Reinstatement rule events
- C. Global Health Plan options
- D. Termination Life Event configuration
Answer: C
NEW QUESTION # 28
Termination life event configuration
- A. Intervening life event backed out open event
- B. Configurable
- C. Coverage Start Date: First of the Next Month
- D. Plan Configuration, Evaluation and Reporting
Answer: C
NEW QUESTION # 29
To which two benefits objects can Year Period be attached to?
- A. Option
- B. Plan Type
- C. Plan
- D. Program
Answer: C,D
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm
NEW QUESTION # 30
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?
- A. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- B. Configure 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..
- C. Configure 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.
- D. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
Answer: C
NEW QUESTION # 31
Which statement about Waive options is true?
- A. Waive options are options which do not require any dependent/beneficiary designation.
- B. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
- C. Waive options are used when employees do 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.
Answer: B
NEW QUESTION # 32
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. The life event date configured for XX Life Program is not 15 March 2017
- B. The benefits administrator has a login from the previous date to that of 15 March 20l7.
- C. There is no configuration for open enrollment for the XX Life Program.
- D. A cycle has already run for open enrollment, so no life event date is available.
Answer: B
NEW QUESTION # 33
A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
How can the benefits administrator perform this task?
- A. Create a default life event for this task XX Admin Life event. Create a separate-eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
- B. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- C. Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- D. Create a default life event for this task XX Admin Life event. Attach it to the Plan. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
Answer: D
NEW QUESTION # 34
How do you set up a Termination life event to end coverage at the end of the month?
- A. Coverage and Rate Date Ranges:
- B. Coverage and Rate Date Ranges:
- C. Coverage and Rate Date Ranges:
- D. Coverage and Pate Date Ranges:
Answer: A
NEW QUESTION # 35
An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of 100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?
- A. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
- B. This requirement can be achieved through customization only.
- C. This requirement can be completely achieved with configuration only.
- D. This requirement cannot be achieved in the current system offerings.
Answer: D
NEW QUESTION # 36
This is the configuration of a collapsing life event rule: Life Event = Marriage & Dependent; Operator = AND; Resulting Event Name = Dependent; Life Event Occurred Date = Earliest Life Event Occurred Date; Proximity Days = 0. You run the collapsing rule in the scenario: 1. Marriage event occurs on 08/01/2015; 2. Dependent event occurs on 08/01/2015. What is the result?
- A. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
- B. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
- C. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
- D. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
Answer: B
NEW QUESTION # 37
January 31, 2017
- A. Coverage start date for employee
- B. Valid type of life event
- C. Tasks to prepare for open enrollment
- D. Overspending in flex credit shell plans
Answer: A
NEW QUESTION # 38
......
1Z0-1053-26 Exam Questions – Valid 1Z0-1053-26 Dumps Pdf: https://www.test4engine.com/1Z0-1053-26_exam-latest-braindumps.html