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Oracle offers the most encompassing, up-to-date, and sought after global training and certification program for IT professionals.

Certification is evidence of your skills, expertise in those areas in which you like to work. If the candidate wants to work on 1z0-1053-20 and prove his knowledge, Certification offered by Oracle. This 1z0-1053-20 Certification helps a candidate to validates his skills in Oracle HCM Cloud Benefits Service solutions.

In this guide, we will cover the 1z0-1053-20 Exam, 1z0-1053-20 Certified professional salary and all aspects of the 1z0-1053-20 Certification.

Introduction to Oracle Benefits Cloud 2020 Implementation Essentials 1z0-1053-20 Exam

Oracle Benefits Cloud 2020 Implementation Essentials is designed for candidates who have the knowledge and skills required to configure and implement Oracle HCM Cloud Benefits Service solutions. Candidates who earn this certification will be able to configure and administer benefits, set up benefits extracts, and extract and transmit data to plan carriers

 

NEW QUESTION 36
Which three areas contain tasks to prepare for an open enrollment period?

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

Answer: A,B,E

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

 

NEW QUESTION 37
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?

• A. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
• B. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
• C. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
• D. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.

Answer: D

 

NEW QUESTION 38
A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverage plan at extra premium
3) Life insurance plan for employee and family
4) In Network Dental Insurance plan
5) Out of network Dental insurance plan
6) Eye care plan
How many plan types do you need to configure for this customer?

• A. 0
• B. 1
• C. 2
• D. 3

Answer: C

 

NEW QUESTION 39
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 Month
  Previous Coverage End Date: First of the Next Month
• B. Coverage and Pate Date Ranges:
  Coverage Start Date: End of the Month
  Previous Coverage End Date: End of the Month
• C. Coverage and Rate Date Ranges:
  Coverage Start Date: First of the Next Month
  Previous Coverage End Date: End of the Month
• D. Coverage and Rate Date Ranges:
  Coverage Start Date: First of the Month
  Previous Coverage End Date: End of the Month

Answer: C

 

NEW QUESTION 40
The benefits administrator runs an open enrollment window on March 1, 2017 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2017. What could be a reason for this?

• A. The life event date configured for XX Life Program is not 15 March 2017
• B. There is no configuration for open enrollment for the XX Life Program.
• C. The benefits administrator has a login from the previous date to that of 15 March 20l7.
• D. A cycle has already run for open enrollment, so no life event date is available.

Answer: C

 

NEW QUESTION 41
Which two statements are true about Enrollment Authorizations?

• A. They appear several times if the participant enters self-service multiple times for a single life event.
• B. If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
• C. They appear only the first time that the participant enters self-service enrollment for multiple life events.
• D. They are optional to implement. If implemented, performing the authorization task is optional for the participant.
• E. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.

Answer: C,D

 

NEW QUESTION 42
Which three are change opportunities an organization can implement during Open Enrollment?

• A. decline coverage
• B. modify plan configuration
• C. update rates
• D. Start new benefit offerings
• E. enroll in existing plans

Answer: A,B,C

Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.ht

 

NEW QUESTION 43
To which two benefits objects can Year Period be attached to?

• A. Plan Type
• B. Option
• C. Plan
• D. Program

Answer: A,B

Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm

 

NEW QUESTION 44
A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1. Address Change life event status: Detected
2. New Hire life event: Manual
What does this status signify?

• A. A New Hire life event was manually selected, or the Configure the Timeliness Evaluation setting of a particular life event set the An Address Change event was triggered for the person and participation evaluate processing has not yet evaluated it.
• B. A New Hire life event was manually selected.
  An Address Change event was triggered for the person, and participation evaluation processing has not yet evaluated it.
• C. A New Hire life event was manually selected.
  An Address Change event is yet to be triggered and processed for, the employee.
• D. A New Hire life event was manually selected.
  An Address Change event was triggered for the person and participation evaluation processing was evaluated.

Answer: A

 

NEW QUESTION 45
XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?

• A. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
• B. Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan
• C. Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
• D. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.

Answer: C

 

NEW QUESTION 46
The company has the following two plans:
1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family
2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3:
Employee Plus Spouse Plus Child
The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?

• A. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
• B. Configure the eligibility profile with parameter - Person Type > Employee and Employment tab > Salaried or Hourly as Salaried. Related coverage > Eligible for another plan and attach this to both the plans..
• C. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
• D. Configure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab > Salaried o. Hourly as Salaried" Related coverage > Eligible in another option in plan and attach this to both the plans.

Answer: D

 

NEW QUESTION 47
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?

• A. 0
• B. 1
• C. The number of train stops can be configured.
• D. 2

Answer: C

 

NEW QUESTION 48
The Open life event for a plan was backed out. The benefits administrator reprocessed the Open life event and found the earlier elections us originally enrolled in the plan.
What is the reason for this status?

• A. The life event was not backed out properly.
• B. The life event reinstatement rule was configured.
• C. The life event was configured for another date.
• D. The life event date was different.

Answer: B

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

 

NEW QUESTION 49
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. The intervening life event activated the open event.
• D. An intervening life event backed out the open event.

Answer: B,D

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

 

NEW QUESTION 50
Your customer wants to run a report which displays, by participant, a choice list of programs, plans, and options in which the participant may elect to enroll, as well as areas for the participant to designate dependents and beneficiaries.
How do you accomplish this requirement?

• A. Run the Enrollment Kit Report from the Benefits Enrollment work area.
• B. Run the Person Enrollment Summary Report from Benefits Self Service.
• C. Run the Person Enrollment Summary Report from the Enrollment work area.
• D. Run the Enrollment Kit Report from Benefits Self-Service.
• E. Run the Real Time Analysis: Participant Enrollment Results from the Reports and Analytics work area.

Answer: A

Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-benefits-processing

 

NEW QUESTION 51
An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of
100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?

• A. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
• B. This requirement can be completely achieved with configuration only.
• C. This requirement can be achieved through customization only.
• D. This requirement cannot be achieved in the current system offerings.

Answer: D

 

NEW QUESTION 52
......

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