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Oracle Benefits Cloud 2021 Implementation Essentials - 1Z0-1053-21 real prep

1Z0-1053-21
  • Exam Code: 1Z0-1053-21
  • Exam Name: Oracle Benefits Cloud 2021 Implementation Essentials
  • Updated: May 29, 2026
  • Q & A: 62 Questions and Answers
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Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. The benefits administrator runs an open enrollment window on March 1,2017 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2017. What could be a reason for this?

A) A cycle has already run for open enrollment, so no life event date is available.
B) The life event date configured for XX Life Program is not 15 March 2017
C) There is no configuration for open enrollment for theXX Life Program.
D) The benefits administrator has a login from the previous date to that of 15 March 20l7.


2. Which statement about Waive options is true?

A) Waive options are options which do not require any dependent/beneficiary designation.
B) Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.
C) Waive options are used when employeesdo not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
D) Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.


3. A Global Dental Plan has the following options attached to it:
Option 1: Employee Only
Option 2: Employee Plus Spouse
Option 3: Employee Plus Spouse Plus Children
The company wants an employee to select only one option which will be restricted for two years. After two
/ears the employee will get an opportunity to enroll into a new GlobalDental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i,
2017 as the plan is restricted.
How can you configure this scenario for the company?

A) Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.
B) Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.
C) Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
D) Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.


4. A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?

A) New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
B) New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
C) New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
D) New Hire LE is complete and closed. Marriage LE is triggered because of the data change.


5. 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 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.
B) Configure a primary rate with the calculation method as Multiple of Coverage.
C) Configure a secondary rate 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.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: B

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