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Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan's year period.
What is the communicated rate value?

A) 130
B) 30
C) 40
D) 32.5

2. To which two benefits objects can Year Period be attached to?

A) Plan Type
B) Option
C) Program
D) Plan

3. Which three are correct methods by which enrollment results can be created and made available for viewing?

A) when Enrollment Authorizations are accepted by the participant as a part of self-service enrollment
B) when an electable choice is saved as a part of self-service enrollment
C) after the Evaluate Life Events batch process is completed successfully
D) when a default enrollment is processed
E) after the Close Enrollment process hascompleted

4. XX Lifeinsurance 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 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.
B) Create one derived factor. Create an eligibility profileand configure the derived factor under the eligibility profile. Then attach the eligibility profile 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 Plan
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.

5. What rate is used for the flex creditprogram to adjust the total cost of the program?

A) Standard Rollover Rate
B) Standard Primary Rate
C) Standard Secondary Rate
D) Rollover Rate

Solutions: