Oracle Benefits Cloud 2017 Implementation Essentials (1z0-973) Free Practice Test

Question 1

The reinstatement rule enables you to restore elections during which two events?

A. The open event was accidentally backed out.

B. The open event was backed out by the administrator from the Benefits Service Center.

C. The intervening life event activated the open event.

D. An intervening life event backed out the open event.

Correct Answer: A,D

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Question 2

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. Related coverage > Eligible for another plan and attach this to both the plans..

B. 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.

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 Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.

Correct Answer: B

Question 3

Which statement about Waive options is true?

A. Waive options are options which do not require any dependent/beneficiary designation.

B. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.

C. Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.

D. Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.

Correct Answer: B

Question 4

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. 4

B. 3

C. 6

D. 5

Correct Answer: B

Question 5

What rate is used for the flex credit program to adjust the total cost of the program?

A. Standard Secondary Rate

B. Rollover Rate

C. Standard Rollover Rate

D. Standard Primary Rate

Correct Answer: B

Question 6

An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:

A. No unrestricted event is available for the employee.

B. No option is available for the plan for enrollment.

C. The employee is not eligible for the enrollment.

D. No life event is detected.

Correct Answer: A

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Oracle Benefits Cloud 2017 Implementation Essentials (1z0-973) Free Practice Test