Free Oracle 1Z0-1053-23 Exam Dumps Questions & Answers

XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?

• A.  Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
• B.  Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
• C.  Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance PlanB.
• D.  Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.

The company has the following two plans:
1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family
2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3: Employee Plus Spouse Plus Child The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?

• A.  Configure the eligibility profile with parameter - Person Type > Employee and Employment tab > Salaried or Hourly as Salaried. Related coverage > Eligible for another plan and attach this to both the plans..
• B.  Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
• C.  Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
• D.  Configure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab > Salaried o. Hourly as Salaried" Related coverage > Eligible in another option in plan and attach this to both the plans.

Your customer does NOT want the system to detect temporal events whenever a marriage life event is detected and processed by the application.
How do you accomplish this requirement?

• A.  On the life event creation page, select "Never detect Past or future temporal events" as the Temporal Detection Rule.
• B.  On the life event creation page, select "Never detect this temporal life event" as the Temporal Detection Rule.
• C.  On the life event creation page, select "Do not detect past temporal events" as the Temporal Detection Rule.
• D.  On the life event creation page, select "Do not detect future temporal events" as the Temporal Detection Rule.
• E.  On the life event creation page, select "Do not detect past or future temporal events" as the Temporal Detection Rule.

Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers. What can you define so that participants who are covered by a plan for less than a full have no premium obligation?

• A.  Standard Rate Value
• B.  Standard Input Value
• C.  Standard Coverage Value
• D.  Standard Wash Rule Formula

Benefit configuration for dependent options

• A.  Optional, mandatory for participant
• B.  Evaluate life events, close enrollment, enrollment authorizations
• C.  Hours worked, full-time equivalent, compensation
• D.  Create two eligibility profiles based on age