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 |
|---|---|---|
| Core Benefits Setup | 10% | - Configure organization and plan year structures - Define carrier and third-party integrations - Understand Oracle Benefits Cloud architecture - Set up benefit plan components and hierarchies |
| Integration and Data Migration | 20% | - Manage benefit data migration and bulk loading - Configure fast formulas for benefit calculations - Set up HR and payroll integration flows - Integrate Benefits with HCM payroll and HR |
| Benefits Design and Configuration | 30% | - Plan and configure benefit plans and options - Configure eligibility profiles and rules - Set up benefit classifications and plan types - Define rate definitions and contribution calculations |
| 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 |
| Reporting and Administration | 15% | - Administer benefit elections and updates - Configure flex credit and cost sharing - Create and manage benefit reports and analytics - Manage self-service benefit enrollments |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
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. 130
- B. 30
- C. 32.5
- D. 40
Correct Answer: C 🗳️
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 "Number of Days from the event" as the enrollment period start date and the number field as 15.
- C. 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.
- D. 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.
- 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 period start date type formula.
Correct Answer: E 🗳️
Which is not a valid type of life event?
- A. Restricted
- B. Explicit
- C. Unrestricted
- D. Scheduled
- E. Temporal
Correct Answer: D 🗳️
Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2018. What two steps must you perform as an administrator to stop existing participant enrollments and prevent new enrollments?
- A. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.
- B. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
- C. Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.
- D. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
- E. Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,
Correct Answer: E 🗳️
Which three areas contain tasks to prepare for an open enrollment period?
- A. Payroll Calculation work area
- B. Person Management work area
- C. Enrollment and My Information work areas
- D. Plan Configuration work area
- E. Evaluation and Reporting work areas
Correct Answer: C,D,E 🗳️
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