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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions (Q90-Q95):

NEW QUESTION # 90
The benefits admin runs an open enrollment window on 03/01/2017 for Program: XX Life Insurance, but cannot find the life event date of 03/15/2017. What could be a reason for this?

A. The life event date configured for XX Life Program is not 03/15/2017.
B. A cycle has already run for open enrollment, so no life event date is available.
C. The benefits admin has a login from the previous date to that of 03/15/2017.
D. There is no configuration for open enrollment for the XX Life Program.

Answer: D

NEW QUESTION # 91
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 "Number of Days from the event" as the enrollment period start date and the number field as 15.
B. 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.
C. 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.
D. 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.
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.

Answer: B

NEW QUESTION # 92
Given:
1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
2. The Transfer event occurred on January 10, 20lb.
3. The Timeliness rule was configured for both life events to 90 days and the collapsing rule was also set When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
Which two are reasons for this?

A. The Marriage event occurred before the Transfer event.
B. The process doesn,t evaluate other events that occur later than the Marriage event until you decide what action to take for that event.
C. No collapsing rule was set.
D. The employee is not eligible for life events.

Answer: D

NEW QUESTION # 93
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 # 94
When you add an open scheduled event to a program of plans not in program, what is the significance of the Assigned Life Event Date?

A. It is the date on which default benefits assignments are made.
B. It is the first day of the open enrollment period.
C. It is the last day of open enrollment period.
D. It is the effective date of the open event and the date on which eligibility is evaluated.

Answer: C

NEW QUESTION # 95
......

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