Online Access Free 1Z0-1053-20 Practice Test

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.There is no configuration for open enrollment for the XX Life Program.
• B.A cycle has already run for open enrollment, so no life event date is available.
• C.The benefits administrator has a login from the previous date to that of 15 March 20l7.
• D.The life event date configured for XX Life Program is not 15 March 2017

Which three are change opportunities an organization can implement during Open Enrollment?

• A.enroll in existing plans
• B.decline coverage
• C.modify plan configuration
• D.update rates
• E.Start new benefit offerings

A Global Dental Plan has the following options attached to it:
Option 1: Employee Only
Option 2: Employee Plus Spouse
Option 3: Employee Plus Spouse Plus Children
The company wants an employee to select only one option which will be restricted for two years. After two
/ears the employee will get an opportunity to enroll into a new Global Dental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i,
2017 as the plan is restricted.
How can you configure this scenario for the company?

• A.Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.
• B.Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.
• C.Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
• D.Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.

How do you configure the link between the payroll module and benefits?

• A.Link the payroll to the plan salary basis.
• B.Link the element to the plan rate.
• C.Link the element to the plan coverage.
• D.Link the payroll to the plan coverage.

Can you define overspending of a budget pool in flex credit shell plans?

• A.Yes, you can define it as per the flex credit formula.
• B.Yes, you can define it in the standard rates.
• C.No, you do not have a place holder.
• D.Yes, you can define it in the spending options.