Free Access Oracle.1Z0-1053-21.v2022-06-08.q20 Practice Test (Page 4)

Question 11

What rate is used for the flex creditprogram to adjust the total cost of the program?

A.Standard Rollover Rate

B.Rollover Rate

C.Standard Primary Rate

D.Standard Secondary Rate

Question 12

Which two are correct processes regarding performing the Benefits Extractsetup?

A.Configure plan carrier details and extract options using the Manage Plan Carriers task.

B.Extract benefits enrollment information into separate XML files for each plan and plan carrier.

C.Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.

D.Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.

E.Extract benefits enrollment information into a single XML file for each plan carrier.

Question 13

XX Lifeinsurance 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?

A.Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.

B.Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.

C.Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan

D.Create one derived factor. Create an eligibility profileand configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.

Question 14

The Open life event for a plan was backed out. The benefits administrator reprocessedthe Open life event and found the earlier elections us originally enrolled in the plan.
What is the reason for this status?

A.The life event date was different.

B.The life event was not backed out properly.

C.The life event reinstatement rule was configured.

D.The life event was configured for another date.

Question 15

An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date - January 1, 201/
2) Enrollment Period End Date - January 31, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?

A.January 22, 2017

B.January 15, 2017

C.December 28, 2016

D.January 31, 2017

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Question 11

Question 12

Question 13

Question 14

Question 15

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