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2025 Oracle 1Z0-1053-23: Oracle Benefits Cloud 2023 Implementation Professional–Reliable Reliable Exam Guide

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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions (Q51-Q56):

NEW QUESTION # 51
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 primary rate with the calculation method as Multiple of Coverage.
B. 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.
C. Configure a secondary rate with the calculation method as Multiple of Coverage.
D. 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.

Answer: D

NEW QUESTION # 52
The reinstatement rule enables you to restore elections during which two events?

A. The open event was backed out by the administrator from the Benefits Service Center.
B. The open event was accidentally backed out.
C. An intervening life event backed out the open event.
D. The intervening life event activated the open event.

Answer: B,C

Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm

NEW QUESTION # 53
Hours Worked, Full-Time Equivalent, Compensation

A. Valid type of life event
B. Creation of enrollment results
C. Derived factor types
D. Rate visibility issue

Answer: C

NEW QUESTION # 54
Which three areas contain tasks to prepare for an open enrollment period?

A. Plan Configuration work area
B. Enrollment and My Information work areas
C. Evaluation and Reporting work areas
D. Person Management work area
E. Payroll Calculation work area

Answer: A,B,C

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollment.html#FACMB1107266

NEW QUESTION # 55
Annual Health Insurance, Monthly Health Insurance

A. Overspending in flex credit shell plans
B. Global Health Plan options
C. Termination Life Event configuration
D. Reinstatement rule events

Answer: B

NEW QUESTION # 56
......

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