Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enrollment and Processing | 25% | - Flex credits, cost sharing and coverage setup - Enrollment rules, periods and default elections - Self-service enrollment configuration |
| Topic 2: Core Benefits Setup | 10% | - Plan year and organizational structure configuration - Carrier and third-party integration setup - Benefits Cloud architecture and components |
| Topic 3: Benefits Design and Configuration | 30% | - Rate definitions, contributions and calculations - Eligibility profiles and rule definition - Plan types, classifications, programs and options creation |
| Topic 4: Eligibility and Life Events | 25% | - Life event types, triggers and processing rules - Enrollment eligibility and restriction setup - Collapsing rules and event processing |
| Topic 5: Integration, Administration and Reporting | 10% | - Benefits extracts, data transmission and billing - Reporting, analytics and enrollment results - Integration with HR and Payroll modules |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
Question #1
Which three are change opportunities an organization can implement during Open Enrollment?
A. enroll in existing plans
B. decline coverage
C. update rates
D. modify plan configuration
E. Start new benefit offerings
Question #2
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 Coverage Volume
C. Standard wash Rule formula
D. Standard Rate Value
Question #3
Achieved via configuration
A. Overspending in flex credit shell plans
B. Designating dependents on Train Stop
C. Number of train stops on benefits enrollment page
D. Valid type of Life Event
Question #4
Which three are correct methods by which enrollment results can be created and made available for viewing?
A. after the Close Enrollment process has completed
B. when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment
C. after the Evaluate Life Events batch process is completed successfully
D. when an electable choice is saved as a part of self-service enrollment
E. when a default enrollment is processed
Question #5
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 period start date 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 "Mid of the month" as the enrollment period start date.
D. 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.
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 Opportunity type formula.
Solutions:
| Question #1 Correct Answer: B,C,D | Question #2 Correct Answer: A | Question #3 Correct Answer: B | Question #4 Correct Answer: B,C,D | Question #5 Correct Answer: A |
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