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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions (Q57-Q62):
NEW QUESTION # 57
Hours Worked, Full-Time Equivalent, Compensation
- A. Creation of enrollment results
- B. Valid type of life event
- C. Derived factor types
- D. Rate visibility issue
Answer: C
NEW QUESTION # 58
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. Attach it to the plan. Then trigger the life event and enroll into a
- C. 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.
Answer: A
NEW QUESTION # 59
January 31, 2017
- A. Valid type of life event
- B. Tasks to prepare for open enrollment
- C. Coverage start date for employee
- D. Overspending in flex credit shell plans
Answer: C
NEW QUESTION # 60
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 Active,
- B. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
- C. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
- D. Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.
- E. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.
Answer: A
NEW QUESTION # 61
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 a primary rate with the calculation method as Multiple of Coverage.
- C. 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.
- D. 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.
Answer: C
NEW QUESTION # 62
......
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