Oracle Benefits Cloud 2021 Implementation Essentials - 1Z0-1053-21 Free Exam Questions [2026]

QUESTION NO: 1
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 underthe Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.

B. 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.

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 Lifeevent 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
"Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.

Discussion 0

Correct Answer: D Vote an answer

QUESTION NO: 2
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 LE is complete and closed. Marriage LE is triggered because of the data change.

C. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.

D. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.

Discussion 0

Correct Answer: B Vote an answer

QUESTION NO: 3
How do you set up a Termination life event to end coverage at the end of the month?

A. Coverage and Rate Date Ranges:
Coverage Start Date: First of the Month
Previous Coverage End Date: End of the Month

B. Coverage and Rate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: First of the Next Month

C. Coverage and Pate Date Ranges:
Coverage Start Date: End of the Month
Previous Coverage End Date: End of the Month

D. Coverage and Rate Date Ranges:
Coverage Start Date: First of the Next Month
Previous Coverage End Date: End of the Month

Discussion 0

Correct Answer: D Vote an answer

QUESTION NO: 4
What are the different types of open enrollment options available under Scheduled tab in program?

A. Open Scheduled and Unrestricted Scheduled

B. Open Enrollment and Open Unrestricted Enrollment

C. Open New Hire Enrollment and Unrestricted New Hire Enrollment

D. Open All and Unrestricted All

Discussion 0

Correct Answer: C Vote an answer

QUESTION NO: 5
Your customer wants to run a report which displays, by participant, a choice list of programs, plans, and options in which the participant may elect to enroll, as well as areas for the participant to designate dependents and beneficiaries.
How do you accomplish thisrequirement?

A. Run the Person Enrollment Summary Report from the Enrollment work area.

B. Run the EnrollmentKit Report from Benefits Self-Service.

C. Run the Person Enrollment Summary Report from Benefits Self Service.

D. Run the Enrollment Kit Report from the Benefits Enrollment work area.

E. Run the Real Time Analysis: Participant Enrollment Results from the Reports and Analytics work area.

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).

QUESTION NO: 6
This is the configuration of a collapsing life event rule:
Life event =Marriage & Dependent
Operator = AND
Resulting Event Name = Dependent
Life Event Occurred Date = Earliest Life Event Occurred Date
Proximity Days = 0
You run the collapsing rule in the scenario:
1. Marriage event occurs on August 1, 2015.
2. Dependent event occurs on August 1, 2015.
What is the result?

A. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.

B. The collapsing rule runs the Dependent event, evaluates the Marriage event,and assigns its occurred date to August 1, 2015.

C. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.

D. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.

Discussion 0

Correct Answer: A Vote an answer

QUESTION NO: 7
Which three areas contain tasks to prepare for an open enrollment period?

A. Payroll Calculation work area

B. Person Management work area

C. Plan Configuration work area

D. Evaluation and Reporting work areas

E. Enrollment and My Information work areas

Discussion 0

Correct Answer: C,D,E Vote an answer

Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).

QUALITY AND VALUE

Tested and Approved

Easy to Pass

Try Before Buy

RECENT DISCUSSIONS

Useful Links

Contact Us