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Oracle 1Z0-1053-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Administering Benefits | 20% | - Benefits Extract and Data Transmission - Billing and Court Order Processing - Benefits Administration Tasks - Rates, Coverage, and Flex Credits |
| Reporting and Integration | 20% | - Analytics and Dashboards - Integration with HCM Cloud - Standard Benefits Reports - Security and Access Configuration |
| Configuring Benefits | 35% | - Life Events and Enrollment Setup - Plan and Program Configuration - Eligibility Profiles and Derived Factors - Introduction to Oracle Benefits Cloud |
| Benefits Enrollment Management | 25% | - Dependent and Beneficiary Setup - Self-Service Enrollment Display - Collapsing Rules and Event Processing - Scheduled and Open Enrollment |
Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:
1. 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.
2. Which two are correct processes regarding performing the Benefits Extractsetup?
A) Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.
B) Extract benefits enrollment information into separate XML files for each plan and plan carrier.
C) Extract benefits enrollment information into a single XML file for each plan carrier.
D) Configure plan carrier details and extract options using the Manage Plan Carriers task.
E) Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
3. 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) 40
B) 30
C) 130
D) 32.5
4. A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverageplan at extra premium
3) Life insurance plan for employee and family
4) In Network Dental Insurance plan
5) Out of network Dental insurance plan
6) Eye care plan
How many plan types do you need to configure for this customer?
A) 6
B) 5
C) 3
D) 4
5. To which two benefits objects can Year Period be attached to?
A) Plan Type
B) Option
C) Program
D) Plan
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C,D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: A,B |
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