Free Oracle 1Z1-1053 Exam Dumps Questions & Answers

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 life event had expired.
• B.  The number of proximity days was specified as 15.
• C.  The number of proximity days was specified as 0.
• D.  The number of proximity days was specified as 20.

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 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 Plan
• B.  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.
• C.  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.
• D.  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.

Which is NOT a valid type of life event?

• A.  Scheduled
• B.  Temporal
• C.  Explicit
• D.  Unrestricted
• E.  Restricted

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.  Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, 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.  Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,
• E.  Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.

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