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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions (Q39-Q44):

NEW QUESTION # 39
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 last day of open enrollment period.
B. It is the first day of the open enrollment period.
C. It is the effective date of the open event and the date on which eligibility is evaluated.
D. It is the date on which default benefits assignments are made.

Answer: A

NEW QUESTION # 40
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 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.
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 primary rate with the calculation method as Multiple of Coverage.
D. Configure a secondary rate with the calculation method as Multiple of Coverage.

Answer: B

NEW QUESTION # 41
Which two are correct processes regarding performing the Benefits Extract setup?

A. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
B. Configure plan carrier details and extract options using the Manage Plan Carriers task.
C. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
D. Extract benefits enrollment information into a single XML file for each plan carrier.
E. Extract benefits enrollment information into separate XML files for each plan and plan carrier.

Answer: D,E

Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAIHM1284833

NEW QUESTION # 42
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: End of the MonthPrevious Coverage End Date: First of the Next Month
B. Coverage and Pate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month
C. Coverage and Rate Date Ranges:Coverage Start Date: First of the Next MonthPrevious Coverage End Date: End of the Month
D. Coverage and Rate Date Ranges:Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month

Answer: C

NEW QUESTION # 43
Your customer wants to create an explicit life event that can be used only in two specific legal entities. How do you accomplish this requirement?

A. On the Create Life Event page under General Information, select the Global check box and add specific legal entities.
B. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
C. On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
D. On the Create Life Event page under Additional Information, leave the Self-Assigned check box blank and add specific legal entities.

Answer: B

NEW QUESTION # 44
......

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100% Pass Fantastic Oracle - 1Z0-1053-23 Latest Exam Tips

Pass Guaranteed Quiz 2025 High Pass-Rate 1Z0-1053-23: Oracle Benefits Cloud 2023 Implementation Professional Latest Exam Tips

Oracle Benefits Cloud 2023 Implementation Professional Sample Questions (Q39-Q44):

Efficient 1Z0-1053-23 Latest Exam Tips | 100% Free Certification 1Z0-1053-23 Training

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