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NEW QUESTION 34
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 wash Rule formula
- B. Standard input Value
- C. Standard Coverage Volume
- D. Standard Rate Value
Answer: B
NEW QUESTION 35
This is the configuration of a collapsing life event rule:
Life event = Marriage & Dependent
Operator = AND
Resulting Event Name = Dependent
Life Event Occurred Date = Earliest Life Event Occurred Date
Proximity Days = 0
You run the collapsing rule in the scenario:
1. Marriage event occurs on August 1, 2015.
2. Dependent event occurs on August 1, 2015.
What is the result?
- A. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
- B. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
- C. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
- D. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
Answer: B
NEW QUESTION 36
How do you configure the link between the payroll module and benefits?
- A. Link the element to the plan rate.
- B. Link the element to the plan coverage.
- C. Link the payroll to the plan coverage.
- D. Link the payroll to the plan salary basis.
Answer: A
NEW QUESTION 37
To which two benefits objects can Year Period be attached to?
- A. Plan Type
- B. Option
- C. Plan
- D. Program
Answer: A,B
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm
NEW QUESTION 38
Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?
- A. Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.
- B. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
- C. Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
- D. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
- E. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
Answer: D
NEW QUESTION 39
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?
- A. They should have configured an eligibility fast formula
- B. They should not have enabled the Assign on Default button for the options.
- C. They should have enabled a plan restriction fast formula.
- D. They should have created an Option 3: Coverage Declined.
Answer: C
NEW QUESTION 40
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?
- A. 0
- B. 1
- C. The number of train stops can be configured.
- D. 2
Answer: C
NEW QUESTION 41
What are the different types of open enrollment options available under Scheduled tab in program?
- A. Open Enrollment and Open Unrestricted Enrollment
- B. Open Scheduled and Unrestricted Scheduled
- C. Open New Hire Enrollment and Unrestricted New Hire Enrollment
- D. Open All and Unrestricted All
Answer: C
NEW QUESTION 42
Your customer wants to run a report which displays, by participant, a choice list of programs, plans, and options in which the participant may elect to enroll, as well as areas for the participant to designate dependents and beneficiaries.
How do you accomplish this requirement?
- A. Run the Enrollment Kit Report from the Benefits Enrollment work area.
- B. Run the Person Enrollment Summary Report from Benefits Self Service.
- C. Run the Person Enrollment Summary Report from the Enrollment work area.
- D. Run the Enrollment Kit Report from Benefits Self-Service.
- E. Run the Real Time Analysis: Participant Enrollment Results from the Reports and Analytics work area.
Answer: A
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-benefits-processing
NEW QUESTION 43
A plan is created for a calendar year from January 1, 2017 and ends on December 31, 2017. The company wants to create an event on the occurrence of life event date.
What will be the life event start date?
- A. as of event start date
- B. as of coverage start date
- C. as of rate start date
- D. as of enrollment start date
Answer: A
NEW QUESTION 44
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 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.
- B. 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
- C. 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.
- 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.
Answer: C
NEW QUESTION 45
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 number of proximity days was specified as 15.
- B. The number of proximity days was specified as 20.
- C. The number of proximity days was specified as 0.
- D. The life event had expired.
Answer: A
NEW QUESTION 46
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 l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
- B. New Hire LE is complete but not closed. Marriage LE 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.
Answer: D
NEW QUESTION 47
What rate is used for the flex credit program to adjust the total cost of the program?
- A. Standard Secondary Rate
- B. Standard Primary Rate
- C. Standard Rollover Rate
- D. Rollover Rate
Answer: D
NEW QUESTION 48
The reinstatement rule enables you to restore elections during which two events?
- A. The open event was backed out by the administrator from the Benefits Service Center.
- B. The open event was accidentally backed out.
- C. The intervening life event activated the open event.
- D. An intervening life event backed out the open event.
Answer: B,D
Explanation:
Explanation
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION 49
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 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.
- C. Configure a secondary rate with the calculation method as Multiple of Coverage.
- D. Configure a primary rate with the calculation method as Multiple of Coverage.
Answer: D
NEW QUESTION 50
Can you change the column text of primary and secondary rates on the Benefit self-service page?
- A. Yes, a change option is available in the Configure Grouping Display task.
- B. No, a change option is not available in the Configure Grouping Display task.
- C. Yes, a change option is available in the Enrollment Configuration task.
- D. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
Answer: A
NEW QUESTION 51
Which three are change opportunities an organization can implement during Open Enrollment?
- A. decline coverage
- B. modify plan configuration
- C. update rates
- D. Start new benefit offerings
- E. enroll in existing plans
Answer: A,B,C
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-open-enrollment.ht
NEW QUESTION 52
Which object is NOT included in benefit export?
- A. Plan not in program configuration
- B. Program configuration
- C. Eligibility profile
- D. Element input values
Answer: D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/faibf/benefits-configuration-export
NEW QUESTION 53
An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:
- A. No unrestricted event is available for the employee.
- B. The employee is not eligible for the enrollment.
- C. No option is available for the plan for enrollment.
- D. No life event is detected.
Answer: A
NEW QUESTION 54
A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverage plan at extra premium
3) Life insurance plan for employee and family
4) In Network Dental Insurance plan
5) Out of network Dental insurance plan
6) Eye care plan
How many plan types do you need to configure for this customer?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 55
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 Global Dental 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 period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.
- 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 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.
Answer: C
NEW QUESTION 56
A company wants to display the following text on its Benefit Employee Self Service:
"Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
- A. Manage enrollment authorization -> self-service usage -> self-service description text
- B. Configure plan type grouping display -> administration usage -> self-service description text
- C. Configure plan type grouping display -> self-service usage -> self-service description text
- D. Manage enrollment authorization -> administration usage -> self-service description text
Answer: D
NEW QUESTION 57
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