Online Access Free 1z1-973 Practice Test

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?

• A.Associate the life events only with benefit plans which are in a program.
• B.Associate the life events only with benefit plans which are not in a program.
• C.Associate the life events only with Core benefit programs.
• D.Associate the life events with benefit plans or program.
• E.Associate the life events with only flexible benefit programs.

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.30
• D.40

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 LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
• B.New Hire l-E is complete and closed. Marriage IE 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 IF is complete and closed. Marriage LE is triggered and has made elections.

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 primary rate with the calculation method as Multiple of Coverage.
• B.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.
• C.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.
• D.Configure a secondary rate with the calculation method as Multiple of Coverage.

The reinstatement rule enables you to restore elections during which two events?

• A.The open event was accidentally backed out.
• B.The open event was backed out by the administrator from the Benefits Service Center.
• C.An intervening life event backed out the open event.
• D.The intervening life event activated the open event.