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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Benefits Design and Configuration | 30% | - Rate definitions, contributions and calculations - Eligibility profiles and rule definition - Plan types, classifications, programs and options creation |
| Topic 2: Integration, Administration and Reporting | 10% | - Reporting, analytics and enrollment results - Integration with HR and Payroll modules - Benefits extracts, data transmission and billing |
| Topic 3: Eligibility and Life Events | 25% | - Life event types, triggers and processing rules - Collapsing rules and event processing - Enrollment eligibility and restriction setup |
| Topic 4: Core Benefits Setup | 10% | - Plan year and organizational structure configuration - Benefits Cloud architecture and components - Carrier and third-party integration setup |
| Topic 5: Enrollment and Processing | 25% | - Self-service enrollment configuration - Flex credits, cost sharing and coverage setup - Enrollment rules, periods and default elections |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
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 Wash Rule Formula
- D. Standard Coverage Value
Correct Answer: C 🗳️
Which benefit object must be created prior to creating an option?
- A. Rate
- B. Plan Type
- C. Coverage
- D. Plan
Correct Answer: D 🗳️
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Which statement about Waive options is true?
- A. Waive options are options which do not require any dependent/beneficiary designation.
- B. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
- C. Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
- D. 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.
Correct Answer: C 🗳️
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.
- B. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
- C. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
- D. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- E. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
Correct Answer: E 🗳️
How do you set up a Termination life event to end coverage at the end of the month?
- A. Coverage and Rate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month
- B. Coverage and Pate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month
- C. Coverage and Rate Date Ranges:Coverage Start Date: First of the Next MonthPrevious Coverage End Date: End of the Month
- D. Coverage and Rate Date Ranges:Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month
Correct Answer: C 🗳️








