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Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Benefits Enrollment Management | 25% | - Dependent and Beneficiary Setup - Self-Service Enrollment Display - Collapsing Rules and Event Processing - Scheduled and Open Enrollment |
| Reporting and Integration | 20% | - Analytics and Dashboards - Security and Access Configuration - Standard Benefits Reports - Integration with HCM Cloud |
| Administering Benefits | 20% | - Rates, Coverage, and Flex Credits - Billing and Court Order Processing - Benefits Administration Tasks - Benefits Extract and Data Transmission |
| Configuring Benefits | 35% | - Introduction to Oracle Benefits Cloud - Life Events and Enrollment Setup - Plan and Program Configuration - Eligibility Profiles and Derived Factors |
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
Which three are change opportunities an organization can implement during Open Enrollment?
- A. update rates
- B. enroll in existing plans
- C. modify plan configuration
- D. Start new benefit offerings
- E. decline coverage
Correct Answer: A,C,E 🗳️
Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).
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 a secondary rate 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 primary rate with the calculation method as Multiple of Coverage.
- D. 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.
Correct Answer: C 🗳️
Your customer wants to create anexplicit life event that can be used only in two specific legal entitles. How do you accomplish this requirement?
- A. On the Create Life Event page under General Information, select the Global check box and add specific legal entities.
- B. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
- C. On the CreateLife Event page under Additional Information leave the Self-Assigned check box blank and add specific legal entities.
- D. On the CreateLife Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
Correct Answer: D 🗳️
Which two are correct processes regarding performing the Benefits Extractsetup?
- A. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- B. Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.
- C. Extract benefits enrollment information into a single XML file for each plan carrier.
- D. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
- E. Configure plan carrier details and extract options using the Manage Plan Carriers task.
Correct Answer: C,E 🗳️
Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?
- A. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
- B. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
- C. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
- D. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
Correct Answer: C 🗳️





