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Oracle 1Z0-1053-23 Exam Syllabus Topics:

SectionWeightObjectives
Benefits Design and Configuration30%- Plan and configure benefit plans and options
- Set up benefit classifications and plan types
- Define rate definitions and contribution calculations
- Configure eligibility profiles and rules
Core Benefits Setup10%- Configure organization and plan year structures
- Define carrier and third-party integrations
- Set up benefit plan components and hierarchies
- Understand Oracle Benefits Cloud architecture
Integration and Data Migration20%- Manage benefit data migration and bulk loading
- Integrate Benefits with HCM payroll and HR
- Configure fast formulas for benefit calculations
- Set up HR and payroll integration flows
Reporting and Administration15%- Manage self-service benefit enrollments
- Create and manage benefit reports and analytics
- Administer benefit elections and updates
- Configure flex credit and cost sharing
Enrollment and Life Events25%- Handle dependent and beneficiary management
- Manage life events and qualifying event processing
- Configure enrollment rules and default elections
- Set up enrollment periods and open enrollment

Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2018. What two steps must you perform as an administrator to stop existing participant enrollments and prevent new enrollments?

A) Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
B) Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,
C) Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
D) Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.
E) Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.


2. 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 "As of event date" as the enrollment period start date.
C) 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.
D) 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.
E) 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.


3. A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
What must the minimum and maximum plan limit be set at Plan Type level?

A) Min = 1, Max - 1
B) Min = 0, Max = 0
C) Min = 1, Max = 2
D) Min = 0, Max = 1


4. As of event start date

A) Creation of enrollment results
B) Life event start date
C) Valid type of life event
D) Termination life event configuration


5. Can you upload student and disability status for multiple persons at one time?

A) Yes, it can be accomplished by creating a benefit group.
B) No, this option isn,t available.
C) Yes, it can be accomplished through the spreadsheet loader.
D) Yes, it can be accomplished through a benefit administrator task.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A
Question # 3
Answer: C
Question # 4
Answer: B
Question # 5
Answer: A

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