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Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. 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 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.
D) Configure a secondary rate with the calculation method as Multiple of Coverage.

2. Intervening life event backed out open event

A) Rate visibility issue
B) Reinstatement rule events
C) Termination life event configuration
D) Termination life event configuration

3. Your customer wants to create an explicit life event that can be used only in two specific legal entities. How do you accomplish this requirement?

A) On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
B) On the Create Life Event page under Additional Information, leave the Self-Assigned check box blank and add specific legal entities.
C) On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
D) On the Create Life Event page under General Information, select the Global check box and add specific legal entities.

4. Plan Configuration, Evaluation and Reporting

A) Number of train stops on benefits enrollment page
B) Overspending in flex credit shell plans
C) Tasks to prepare for open enrollment
D) Valid type of life event

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 Coverage Value
B) Standard Input Value
C) Standard Rate Value
D) Standard Wash Rule Formula

Solutions: