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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Core Benefits Setup | 10% | - Define carrier and third-party integrations - Understand Oracle Benefits Cloud architecture - Configure organization and plan year structures - Set up benefit plan components and hierarchies |
| Enrollment and Life Events | 25% | - Set up enrollment periods and open enrollment - Handle dependent and beneficiary management - Manage life events and qualifying event processing - Configure enrollment rules and default elections |
| Integration and Data Migration | 20% | - Manage benefit data migration and bulk loading - Integrate Benefits with HCM payroll and HR - Configure fast formulas for benefit calculations - Set up HR and payroll integration flows |
| Benefits Design and Configuration | 30% | - Configure eligibility profiles and rules - Plan and configure benefit plans and options - Set up benefit classifications and plan types - Define rate definitions and contribution calculations |
| Reporting and Administration | 15% | - Administer benefit elections and updates - Manage self-service benefit enrollments - Create and manage benefit reports and analytics - Configure flex credit and cost sharing |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
Which two statements are true about Enrollment Authorizations?
- A. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
- B. They appear only the first time that the participant enters self-service enrollment for multiple life events.
- C. If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
- D. They appear several times if the participant enters self-service multiple times for a single life event.
- E. They are optional to implement. If implemented, performing the authorization task is optional for the participant.
Correct Answer: A,E 🗳️
A company has XX Fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in three production instances. The company wants to run enrollment for executives and send the data for internal discussion. How can the benefits admin perform this task?
- A. Create a default life event for this task XX Admin Life event. Attach it to the plan. Then trigger the life event and enroll into a
- B. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- C. Create a default life event for this task XX Admin Life event. Create a separate eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
Correct Answer: C 🗳️
Which benefit object must be created prior to creating an option?
- A. Plan Type
- B. Plan
- C. Coverage
- D. Rate
Correct Answer: B 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers.
What can you define so that participants who are covered by a plan for less than a full have no premium obligation?
- A. Standard input Value
- B. Standard Rate Value
- C. Standard Coverage Volume
- D. Standard wash Rule formula
Correct Answer: A 🗳️
XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event - Termination?
- A. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.
- B. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
- C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Number of Days from the event" as the enrollment period start date and the number field as 15.
- D. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula.
- E. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
Correct Answer: D 🗳️
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