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Oracle Benefits Cloud 2022 Implementation Professional

Last Update Jan 25, 2023
Total Questions : 60

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Oracle Benefits Cloud 2022 Implementation Professional Questions and Answers

Questions 1

A benefits consultant implemented a plan for life insurance with the following options:

1. Option 1: Employee only

2. Option 2: Employeeplus spouse

The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.

Where did the benefits consultant go wrong with the implementation?

Options:

A.

They should have created an Option 3: Coverage Declined.

B.

They should not have enabled the Assign on Default button for the options.

C.

They should have configured an eligibility fast formula

D.

They should have enabled a plan restriction fast formula.

Questions 2

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:

1z0-1053-22 Question 2

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?

Options:

A.

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.

B.

Configure a secondary rate with the calculation method as Multiple of Coverage.

C.

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.

D.

Configure a primary rate with the calculation method as Multiple of Coverage.

Questions 3

How do you configure the link between the payroll module and benefits?

Options:

A.

Link the element to the plan rate.

B.

Link the element to the plan coverage.

C.

Link the payroll to the plan salary basis.

D.

Link the payroll to the plan coverage.