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1z0-1017 Exam

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NEW QUESTION 1
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 Coverage Volume
  • C. Standard input Value
  • D. Standard wash Rule formula

Answer: C

NEW QUESTION 2
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 Rate Date Ranges: Coverage Start Date: First 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 Pate Date Ranges: Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month

Answer: C

NEW QUESTION 3
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 intervening life event activated the open event.
  • C. An intervening life event backed out the open event.
  • D. The open event was accidentally backed ou

Answer: CD

Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm

NEW QUESTION 4
What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?

  • A. 5
  • B. 7
  • C. The number of train stops can be configured.
  • D. 6

Answer: C

NEW QUESTION 5
Which three are change opportunities an organization can implement during Open Enrollment?

  • A. decline coverage
  • B. enroll in existing plans
  • C. Start new benefit offerings
  • D. modify plan configuration
  • E. update rates

Answer: ADE

Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manageopen- enHYPERLINK
"https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/facmb/manage-openenrollment. html#FACMB1107266_2"rollment.html#FACMB1107266_2

NEW QUESTION 6
A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1. Address Change life event status: Detected
2. New Hire life event: Manual What does this status signify?

  • A. A New Hire life event was manually selected.An Address Change event was triggered for the person and participation evaluation processing was evaluated.
  • B. A New Hire life event was manually selected.An Address Change event was triggered for the person, and participation evaluation processing has not yet evaluated it.
  • C. A New Hire life event was manually selected, or the Configure the Timeliness Evaluation setting of a particular life event set the An Address Change event was triggered for the person andparticipation evaluate processing has not yet evaluated it.
  • D. A New Hire life event was manually selected.An Address Change event is yet to be triggered and processed for, the employe

Answer: C

NEW QUESTION 7
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. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
  • B. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
  • C. Select the same administrator category on the Edit Plan Type page while managing Benefits Self- Service configuration.
  • D. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
  • E. Select Display Signature in the Confirmation section while managing Enrollment Authorization

Answer: B

NEW QUESTION 8
The benefits administrator runs an open enrollment window on March 1, 2021 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2021. What could be a reason for this?

  • A. The life event date configured for XX Life Program is not 15 March 2021
  • B. There is no configuration for open enrollment for the XX Life Program.
  • C. A cycle has already run for open enrollment, so no life event date is available.
  • D. The benefits administrator has a login from the previous date to that of 15 March 20l7.

Answer: D

NEW QUESTION 9
Which two statements are true about Enrollment Authorizations?

  • A. They appear several times if the participant enters self-service multiple times for a single life event.
  • B. If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
  • C. They are optional to Implemen
  • D. If implemented, performing the authorization task is mandatory for the participant.
  • E. They appear only the first time that the participant enters self-service enrollment for multiple life events.
  • F. They are optional to implemen
  • G. If implemented, performing the authorization task is optional for the participant.

Answer: DE

NEW QUESTION 10
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 Person Enrollment Summary Report from the Enrollment work area.
  • B. Run the Enrollment Kit Report from the Benefits Enrollment work area.
  • C. Run the Person Enrollment Summary Report from Benefits Self Service.
  • 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: B

Explanation:
https://docHYPERLINK "https://docs.oracle.com/en/cloud/saas/global-human-resources/r13- update17d/facmb/manage-benefits-processing-anduploads.
html#FACMB1259728"s.oracle.com/en/cloud/saas/global-human-resources/r13- update17d/facmb/manage-benefits-processing-and-uploads.html#FACMB1259728

NEW QUESTION 11
The benefits administrator has configured five rates for five different legal entities. After
implementation, an employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section.
Why can't the employee see the assigned rate amount?

  • A. The rate amount Is a variable rate for the employee's legal employer.
  • B. The rate amount is of the unit of measure "Money".
  • C. The rate amount is not configured for the employee's specific legal employer.
  • D. The rate amount "Assign on Enrollment" is enabled for five legal entitie

Answer: C

NEW QUESTION 12
Which is NOT a valid type of life event?

  • A. Explicit
  • B. Temporal
  • C. Scheduled
  • D. Unrestricted
  • E. Restricted

Answer: E

Explanation:
https://docs.oracle.com/cloud/farel12/globalcs_gs/FACMB/FACMB1479189.htm#FACMB1229710

NEW QUESTION 13
What rate is used for the filex credit program to adjust the total cost of the program?

  • A. Standard Primary Rate
  • B. Standard Rollover Rate
  • C. Rollover Rate
  • D. Standard Secondary Rate

Answer: C

NEW QUESTION 14
The company has the following two plans:
1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family
2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3: Employee Plus Spouse Plus Child
The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?

  • A. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
  • B. Configure the eligibility profile with parameter - Person Type > Employee and Employment tab > Salaried or Hourly as Salarie
  • C. Related coverage > Eligible for another plan and attach this to both the plans..
  • D. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
  • E. Configure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab > Salaried
  • F. Hourly as Salaried" Related coverage > Eligible in another option in plan and attach this to both the plans.

Answer: D

NEW QUESTION 15
Which statement about Waive options is true?

  • A. 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.
  • B. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
  • C. Waive options are options which do not require any dependent/beneficiary designation.
  • D. Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.

Answer: B

NEW QUESTION 16
Given:
1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
2. The Transfer event occurred on January 10, 20lb.
3. The Timeliness rule was configured for both life events to 90 days and the collapsing rule was also set
When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
Which two are reasons for this?

  • A. No collapsing rule was set.
  • B. The process doesn't evaluate other events that occur later than the Marriage event until you decide what action to take for that event.
  • C. The employee is not eligible for life events.
  • D. The Marriage event occurred before the Transfer even

Answer: B

NEW QUESTION 17
Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2021. What two steps must you perform as an administrator to stop existing participant enrollments and prevent
new enrollments?

  • A. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
  • B. Create the new plan with session effective date as January 1 of the current year 2021. and the status as Active,
  • C. Edit the new plan with session effective date as January 1 of the upcoming plan year 2021, and the status as Active.
  • D. Edit the new plan with session effective date as January of the current plan year 2021, and the status as Active.
  • E. Create the new plan with session effective date as January 1 of the current year 2021, and the status as Pending.

Answer: B

NEW QUESTION 18
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 two derived factors, one with age as 21 or above and a second with age 18 or les
  • B. Create an eligibility profile and configure these two derived factors under the eligibility profil
  • C. Then attach the eligibility profile to XX Life Insurance Plan
  • D. Create one derived facto
  • E. Create an eligibility profile and configure the derived factor under the eligibility profil
  • F. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
  • G. Create one derived facto
  • H. Create an eligibility profile and configure the derived factor under the eligibility profil
  • I. Then attach the eligibility profile to XX Life Insurance Plan.
  • J. Create two eligibility profile
  • K. One with age as 21 or above and a second with age 18 or les
  • L. Then attach these eligibility profiles to XX Life Insurance Plan.

Answer: D

NEW QUESTION 19
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 voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
  • B. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
  • C. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
  • D. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.

Answer: A

NEW QUESTION 20
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 created an Option 3: Coverage Declined.
  • B. They should not have enabled the Assign on Default button for the options.
  • C. They should have configured an eligibility fast formula
  • D. They should have enabled a plan restriction fast formul

Answer: D

NEW QUESTION 21
Can you upload student and disability status for multiple persons at one time?

  • A. Yes, it can be accomplished through a benefit administrator task.
  • B. Yes, it can be accomplished by creating a benefit group.
  • C. Yes, it can be accomplished through the spreadsheet loader.
  • D. No, this option isn't availabl

Answer: C

NEW QUESTION 22
Which two are correct processes regarding performing the Benefits Extract setup?

  • A. Configure plan carrier details and extract options using the Manage Plan Carriers task.
  • B. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
  • C. Configure the carrier names for plan types, plans, and option using the Manage Plan Carriers task.
  • D. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
  • E. Extract benefits enrollment information into a single XML file for each plan carrier.

Answer: AE

Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faihm/benefits-dataextract. html#FAIHM1284833

NEW QUESTION 23
Your customer decided to use some delivered explicit life events in their business. What is your next step as an HCM Consultant after defining triggers as per the retirement?

  • A. Associate the life events with only filexible benefit programs.
  • B. Associate the life events only with benefit plans which are not in a program.
  • C. Associate the life events only with benefit plans which are in a program.
  • D. Associate the life events with benefit plans or program.
  • E. Associate the life events only with Core benefit program

Answer: D

NEW QUESTION 24
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