Exam Name: Oracle Benefits Cloud 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Benefits Cloud
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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Enrollment and Life Events | 25% | - Handle dependent and beneficiary management - Set up enrollment periods and open enrollment - Configure enrollment rules and default elections - Manage life events and qualifying event processing |
| Core Benefits Setup | 10% | - Define carrier and third-party integrations - Understand Oracle Benefits Cloud architecture - Set up benefit plan components and hierarchies - Configure organization and plan year structures |
| Integration and Data Migration | 20% | - Configure fast formulas for benefit calculations - Integrate Benefits with HCM payroll and HR - Manage benefit data migration and bulk loading - Set up HR and payroll integration flows |
| Reporting and Administration | 15% | - Create and manage benefit reports and analytics - Manage self-service benefit enrollments - Configure flex credit and cost sharing - Administer benefit elections and updates |
| Benefits Design and Configuration | 30% | - Plan and configure benefit plans and options - Define rate definitions and contribution calculations - Set up benefit classifications and plan types - Configure eligibility profiles and rules |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
How can the benefits administrator perform this task?
- A. 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.
- B. 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 sample data, and send the summary reports to the company.
- C. Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- D. 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.
Correct Answer: B 🗳️
When you add an open scheduled event to a program of plans not in program, what is the significance of the Assigned Life Event Date?
- A. It is the effective date of the open event and the date on which eligibility is evaluated.
- B. It is the first day of the open enrollment period.
- C. It is the date on which default benefits assignments are made.
- D. It is the last day of open enrollment period.
Correct Answer: D 🗳️
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 wash Rule formula
- C. Standard Rate Value
- D. Standard Coverage Volume
Correct Answer: A 🗳️
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. 30
- C. 40
- D. 130
Correct Answer: A 🗳️
An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:
- A. No unrestricted event is available for the employee.
- B. No life event is detected.
- C. The employee is not eligible for the enrollment.
- D. No option is available for the plan for enrollment.
Correct Answer: A 🗳️
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