2023 100% Free 1z0-1053-22 Daily Practice Exam With 62 Questions [Q23-Q42]

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2023 100% Free 1z0-1053-22 Daily Practice Exam With 62 Questions

1z0-1053-22 exam torrent Oracle study guide

Oracle 1z0-1053-22 Exam Syllabus Topics:

Topic Details
Topic 1
  • Prepare for an open enrollment period
  • Manage benefit coverage and rates
Topic 2
  • Explain benefit reports
  • Create benefits groups
Topic 3
  • Set up benefits extracts, extract and transmit data to plan carriers
  • Create benefit plans and programs
Topic 4
  • Manage Enrollments- Benefits Service Center
  • Explain common administrative tasks
Topic 5
  • Manage benefit year periods, plan types, and options
  • Configure life events

 

NO.23 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?

 
 
 
 

NO.24 Can you upload student and disability status for multiple persons at one time?

 
 
 
 

NO.25 Which object is NOT included in benefit export?

 
 
 
 

NO.26 Which two are correct processes regarding performing the Benefits Extract setup?

 
 
 
 
 

NO.27 Which statement about configuring Designation Requirements is true?

 
 
 
 

NO.28 Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?

 
 
 
 
 

NO.29 How many life events can be included in a collapsing rule?

 
 
 
 

NO.30 The benefits administrator has configured five rates for five different legal entities. After implementation, an employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section.
Why can’t the employee see the assigned rate amount?

 
 
 
 

NO.31 Given:
1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
2. The Transfer event occurred on January 10, 20lb.
3. The Timeliness rule was configured for both life events to 90 days and the collapsing rule was also set When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
Which two are reasons for this?

 
 
 
 

NO.32 An employee logs into the self-service page. The employee enters into one plan and makes an election in the plan available. While making electrons, the employee notices that the option’s rate amount isn’t displayed in the total summary section on the right side of the page.
Which is a reason for this problem?

 
 
 
 

NO.33 Your customer decided to use some delivered explicit life events in their business. What is your next step as an HCM Consultant after defining triggers as per the retirement?

 
 
 
 
 

NO.34 XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?

 
 
 
 

NO.35 The reinstatement rule enables you to restore elections during which two events?

 
 
 
 

NO.36 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?

 
 
 
 

NO.37 What rate is used for the flex credit program to adjust the total cost of the program?

 
 
 
 

NO.38 Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2018. What two steps must you perform as an administrator to stop existing participant enrollments and prevent new enrollments?

 
 
 
 
 

NO.39 A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1. Address Change life event status: Detected
2. New Hire life event: Manual
What does this status signify?

 
 
 
 

NO.40 Which statement about Waive options is true?

 
 
 
 

NO.41 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?

 
 
 
 

NO.42 Can you define overspending of a budget pool in flex credit shell plans?

 
 
 
 

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