[2025] 1Z0-1053-23 Answers 1Z0-1053-23 Free Demo Are Based On The Real Exam
1Z0-1053-23 [May-2025 Newly Released] Exam Questions For You To Pass
NEW QUESTION # 43
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 = 2
- B. Min = 0, Max = 1
- C. Min = 1, Max - 1
- D. Min = 0, Max = 0
Answer: A
NEW QUESTION # 44
Number of train stops on Benefits Enrollment page
- A. Internally Developed
- B. Configurable
- C. Enterprise Systems
- D. Customizable
Answer: B
NEW QUESTION # 45
A company has XX Fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in three production instances. The company wants to run enrollment for executives and send the data for internal discussion. How can the benefits admin perform this task?
- A. Create a default life event for this task XX Admin Life event. Create a separate eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
- B. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- C. Create a default life event for this task XX Admin Life event. Attach it to the plan. Then trigger the life event and enroll into a
Answer: A
NEW QUESTION # 46
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 option is available for the plan for enrollment.
- B. No life event is detected.
- C. The employee is not eligible for the enrollment.
- D. No unrestricted event is available for the employee.
Answer: D
NEW QUESTION # 47
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open All and Unrestricted All
- B. Open Scheduled and Unrestricted Scheduled
- C. Open Enrollment and Open Unrestricted Enrollment
- D. Open New Hire Enrollment and Unrestricted New Hire Enrollment
Answer: D
NEW QUESTION # 48
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 # 49
An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date - January 1, 201/
2) Enrollment Period End Date - January 31, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?
- A. January 15, 2017
- B. December 28, 2016
- C. January 22, 2017
- D. January 31, 2017
Answer: D
NEW QUESTION # 50
A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, the benefits administrator clicked "Collapse Life Event". Upon processing the life event tab, the benefits administrator received an error saying two or more life events were in the detected phase.
Why did the collapsing rule fail?
- A. The number of proximity days was specified as 0.
- B. The number of proximity days was specified as 20.
- C. The life event had expired.
- D. The number of proximity days was specified as 15.
Answer: D
NEW QUESTION # 51
Which is NOT a derived factor type?
- A. Grade
- B. Hours Worked
- C. Compensation
- D. Full-Time Equivalent
Answer: A
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_97785F9989D66DC3E040D30A688159C5
NEW QUESTION # 52
Which two are correct processes regarding performing the Benefits Extract setup?
- A. Configure plan carrier details and extract options using the Manage Plan Carriers task.
- B. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
- C. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
- D. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
- E. Extract benefits enrollment information into a single XML file for each plan carrier.
Answer: B,E
Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-data-extract.html#FAIHM1284833
NEW QUESTION # 53
January 31, 2017
- A. Valid type of life event
- B. Coverage start date for employee
- C. Overspending in flex credit shell plans
- D. Tasks to prepare for open enrollment
Answer: B
NEW QUESTION # 54
This is the configuration of a collapsing life event rule: Life Event = Marriage & Dependent; Operator = AND; Resulting Event Name = Dependent; Life Event Occurred Date = Earliest Life Event Occurred Date; Proximity Days = 0. You run the collapsing rule in the scenario: 1. Marriage event occurs on 08/01/2015; 2. Dependent event occurs on 08/01/2015. What is the result?
- A. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
- B. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
- C. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns its occurred date to 08/01/2015.
- D. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns its occurred date to 08/01/2015.
Answer: C
NEW QUESTION # 55
How do you configure the link between the payroll module and benefits?
- A. Link the element to the plan coverage.
- B. Link the payroll to the plan salary basis.
- C. Link the payroll to the plan coverage.
- D. Link the element to the plan rate.
Answer: A
NEW QUESTION # 56
Which two statements are true about Enrollment Authorizations?
- A. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
- 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 appear several times if the participant enters self-service multiple times for a single life event.
- E. They are optional to implement. If implemented, performing the authorization task is optional for the participant.
Answer: A,E
NEW QUESTION # 57
A company wants to display the following text on its Benefit Employee Self Service:
"Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
- A. Manage enrollment authorization -> self-service usage -> self-service description text
- B. Manage enrollment authorization -> administration usage -> self-service description text
- C. Configure plan type grouping display -> administration usage -> self-service description text
- D. Configure plan type grouping display -> self-service usage -> self-service description text
Answer: D
NEW QUESTION # 58
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 59
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?
- A. They should have enabled a plan restriction fast formula.
- B. They should have configured an eligibility fast formula
- C. They should have created an Option 3: Coverage Declined.
- D. They should not have enabled the Assign on Default button for the options.
Answer: A
NEW QUESTION # 60
Explicit, Temporal, Scheduled, Unrestricted
- A. Valid type of life event
- B. Tasks to prepare for open enrollment
- C. Termination life event configuration
- D. Creation of enrollment results
Answer: D
NEW QUESTION # 61
Evaluate Life Events, Close Enrollment, Enrollment Authorizations
- A. Valid type of life event
- B. Number of train stops on benefits enrollment page
- C. Termination life event configuration
- D. Creation of enrollment results
Answer: D
NEW QUESTION # 62
The reinstatement rule enables you to restore elections during which two events?
- A. An intervening life event backed out the open event.
- B. The open event was backed out by the administrator from the Benefits Service Center.
- C. The open event was accidentally backed out.
- D. The intervening life event activated the open event.
Answer: A,C
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION # 63
Can you change the column text of primary and secondary rates on the Benefit self-service page?
- A. No, a change option is available in the Configure Grouping Display task, but it doesn,t allow a text change.
- B. Yes, a change option is available in the Configure Grouping Display task.
- C. Yes, a change option is available in the Enrollment Configuration task.
- D. No, a change option is not available in the Configure Grouping Display task.
Answer: B
NEW QUESTION # 64
Your customer wants to create an explicit life event that can be used only in two specific legal entities. How do you accomplish this requirement?
- A. On the Create Life Event page under General Information, select the Global check box and add specific legal entities.
- B. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
- C. On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
- D. On the Create Life Event page under Additional Information, leave the Self-Assigned check box blank and add specific legal entities.
Answer: B
NEW QUESTION # 65
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 secondary rate with the calculation method as Multiple of Coverage.
- B. 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.
- C. 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.
- D. Configure a primary rate with the calculation method as Multiple of Coverage.
Answer: B
NEW QUESTION # 66
Optional, mandatory for participant
- A. Enrollment authorization requirements
- B. Creation of enrollment results
- C. Overspending in flex credit shell plans
- D. Rate visibility issue
Answer: A
NEW QUESTION # 67
Which statement about configuring Designation Requirements is true?
- A. A Designation Requirement cannot be configured for a plan with no option.
- B. A Designation Requirement can be configured for a plan with no option.
- C. A plan must have multiple options for Designation Requirement to be configured.
- D. A plan must have the waive option for Designation Requirement to be configured.
Answer: C
NEW QUESTION # 68
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