Exam Name: Oracle Benefits Cloud 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Benefits Cloud
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Oracle 1Z0-1053-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Benefits Cloud 2020 Implementation Essentials |
| Exam Number: | 1Z0-1053-20 |
| Exam Format: | Multiple Select, Multiple Choice |
| Related Certifications: | Oracle HCM Cloud Oracle Benefits Cloud Implementation Specialist |
| Exam Price: | 245 USD |
| Exam Duration: | 85 minutes |
| Real Exam Qty: | 55 |
| Passing Score: | 70% |
| Available Languages: | English (US) |
| Certificate Validity Period: | Until version retirement |
| Recommended Training: | Oracle Benefits Cloud 2020 Implementation Training |
| Exam Registration: | Pearson VUE Oracle Education |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended experience with Oracle HCM Cloud Benefits |
| Official Syllabus URL: | https://education.oracle.com/oracle-benefits-cloud-2020-implementation-essentials/pexam_1Z0-1053-20 |
Oracle 1Z0-1053-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Managing Enrollment | 25% | - Prepare for open enrollment - Manage open enrollment periods - Process enrollment updates - Explain collapsing rules |
| Topic 2: Configuring Benefits | 30% | - Configure life events and flex credits - Create benefits groups and eligibility profiles - Manage benefit year periods, plan types, and options - Configure enrollment displays and coverage/rates - Create benefit plans and programs |
| Topic 3: Reporting and Data Extraction | 20% | - View and analyze enrollment results - Explain and generate benefit reports - Work with Evaluation and Reporting work area - Set up, extract, and transmit benefits data to carriers |
| Topic 4: Benefits Administration | 25% | - Manage benefit court orders - Maintain benefits configuration - Configure benefits billing - Perform common administrative tasks |
What to Know About 1Z0-1053-20 Before You Start
- Benefits Administration (25%)
- Reporting and Data Extraction (20%)
- Configuring Benefits (30%)
Oracle Benefits Cloud 2020 Implementation Essentials Sample Questions:
Which three are correct methods by which enrollment results can be created and made available for viewing?
- A. when an electable choice is saved as a part of self-service enrollment
- B. after the Close Enrollment process has completed
- C. when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment
- D. after the Evaluate Life Events batch process is completed successfully
- E. when a default enrollment is processed
Correct Answer: A,C,D 🗳️
Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self-Set vice.
How do you accomplish this requirement?
- A. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
- B. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- C. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
- D. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
- E. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
Correct Answer: A 🗳️
Which benefit object must be created prior to creating an option?
- A. Coverage
- B. Plan Type
- C. Plan
- D. Rate
Correct Answer: B 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
Which is NOT a derived factor type?
- A. Grade
- B. Full-Time Equivalent
- C. Hours Worked
- D. Compensation
Correct Answer: A 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
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 primary rate with the calculation method as Multiple of Coverage.
- B. Configure a secondary rate 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 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.
Correct Answer: A 🗳️
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