Online Access Free 1Z0-1053-23 Practice Test

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 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.
• B.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.
• C.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.
• D.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.

Termination life event configuration

• A.Coverage Start Date: First of the Next Month
• B.Intervening life event backed out open event
• C.Plan Configuration, Evaluation and Reporting
• D.Configurable

Can be defined in spending options

• A.Valid type of life event
• B.Rate visibility issue
• C.Tasks to prepare for open enrollment
• D.Overspending in flex credit shell plans

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?

• A.32.5
• B.130
• C.40
• D.30

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?

• A.It is the date on which default benefits assignments are made.
• B.It is the effective date of the open event and the date on which eligibility is evaluated.
• C.It is the first day of the open enrollment period.
• D.It Is the last day of the open enrollment period.