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| Section | Objectives |
|---|---|
| Topic 1: Plan and Program Configuration | - Benefit programs and plan design
|
| Topic 2: Payroll and Financial Integration | - Integration with payroll systems
|
| Topic 3: Benefits Cloud Overview | - Architecture and key concepts of Oracle Benefits Cloud
|
| Topic 4: Fast Formulas and Calculations | - Benefits Fast Formulas usage
|
| Topic 5: Reporting and Maintenance | - Benefits reporting and analytics
|
| Topic 6: Security and Administration | - Role-based access and security model
|
| Topic 7: Enrollment and Life Events | - Life event processing
|
| Topic 8: Eligibility and Profiles | - Eligibility Profiles setup and usage
|
1. XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event - Termination?
A) Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
B) Configure Termination as a Life event underthe Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
C) Configure Termination as a Lifeevent under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula.
D) Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.
E) Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
"Number of Days from the event" as the enrollment period start date and the number field as 15.
2. When you add an open scheduled event to a program of plans not in the program, what is the significance or the Assigned Life Event Date?
A) It is the date on which default benefits assignments are made.
B) It is the first day of the open enrollment period.
C) It is the effective date of the open event and the date on which eligibilityis evaluated.
D) It Is the last day of the open enrollment period.
3. To which two benefits objects can Year Period be attached to?
A) Plan Type
B) Plan
C) Program
D) Option
4. 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 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.
B) 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.
C) 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.
D) 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.
5. 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 input Value
B) Standard Rate Value
C) Standard Coverage Volume
D) Standard wash Rule formula
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: A,D | Question # 4 Answer: B | Question # 5 Answer: A |
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