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NEW QUESTION # 38
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 less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance PlanB.
- B. 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.
- 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.
Answer: C
NEW QUESTION # 39
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 Additional Information, select the Self-Assigned check box and add specific legal entities.
- B. On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
- C. On the Create Life Event page under Additional Information, leave the Self-Assigned check box blank 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.
Answer: B
NEW QUESTION # 40
An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of 100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?
- A. This requirement can be completely achieved with configuration only.
- B. This requirement can be achieved through customization only.
- C. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
- D. This requirement cannot be achieved in the current system offerings.
Answer: C
NEW QUESTION # 41
Rate is inactive
- A. Reinstatement rule events
- B. Valid type of life event
- C. Rate visibility issue
- D. Creation of enrollment results
Answer: C
NEW QUESTION # 42
Coverage Start Date: First of the Next Month
- A. Valid type of life event
- B. Termination life event configuration
- C. Life event start date
- D. Global health plan options
Answer: B
NEW QUESTION # 43
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 last day of the open enrollment period.
- B. It is the date on which default benefits assignments are made.
- C. It is the effective date of the open event and the date on which eligibility is evaluated.
- D. It is the first day of the open enrollment period.
Answer: B
NEW QUESTION # 44
Which two are program types when you configure Flex Credits?
- A. Flex Credits and Core
- B. Core
- C. Other Credits
- D. Flex
Answer: B,D
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/faibf/flex-credit-configuration.html#FAIBF1085855_2
NEW QUESTION # 45
As of event start date
- A. Valid type of life event
- B. Creation of enrollment results
- C. Life event start date
- D. Termination life event configuration
Answer: C
NEW QUESTION # 46
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. No, a change option is available in the Configure Grouping Display task, but it doesn,t allow a text change.
- D. Yes, a change option is available in the Enrollment Configuration task.
Answer: A
NEW QUESTION # 47
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. The open event was accidentally backed out.
- D. An intervening life event backed out the open event.
Answer: C,D
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION # 48
Can be defined in spending options
- A. Rate visibility issue
- B. Valid type of life event
- C. Tasks to prepare for open enrollment
- D. Overspending in flex credit shell plans
Answer: B
NEW QUESTION # 49
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 input Value
- C. Standard wash Rule formula
- D. Standard Coverage Volume
Answer: B
NEW QUESTION # 50
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
- A. Life events affect benefits processing for a participant.
- B. Each occurrence of the life event causes participation evaluation processing to reconsider the person,s eligibility for the object.
- C. The amount of deduction from employee pay check for enrollment is varied based on a life event.
- D. Each occurrence of the life event causes participation evaluation processing to reconsider the plan,s availability for a program.
Answer: A,D
Explanation:
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm
NEW QUESTION # 51
Which three areas contain tasks to prepare for an open enrollment period?
- A. Person Management work area
- B. Payroll Calculation work area
- C. Enrollment and My Information work areas
- D. Plan Configuration work area
- E. Evaluation and Reporting work areas
Answer: C,D,E
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollment.html#FACMB1107266
NEW QUESTION # 52
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 under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.
- C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
- 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 period start date 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.
Answer: D
NEW QUESTION # 53
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 coverage start date
- B. as of rate start date
- C. as of enrollment start date
- D. as of event start date
Answer: D
NEW QUESTION # 54
1The 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 of the unit of measure "Money".
- B. The rate amount "Assign on Enrollment" is enabled for five legal entities.
- C. The rate amount is not configured for the employee,s specific legal employer.
- D. The rate amount Is a variable rate for the employee,s legal employer.
Answer: C
NEW QUESTION # 55
The Open life event for a plan was backed out. The benefits administrator reprocessed the Open life event and found the earlier elections us originally enrolled in the plan.
What is the reason for this status?
- A. The life event date was different.
- B. The life event was configured for another date.
- C. The life event was not backed out properly.
- D. The life event reinstatement rule was configured.
Answer: B
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FACMB/F1420689AN14307.htm
NEW QUESTION # 56
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 voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
- D. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
Answer: A
NEW QUESTION # 57
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 Rate Value
- C. Standard Input Value
- D. Standard Wash Rule Formula
Answer: D
NEW QUESTION # 58
An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date - January 1, 201/
2) Enrollment Period End Date - January 31, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?
- A. January 15, 2017
- B. January 22, 2017
- C. January 31, 2017
- D. December 28, 2016
Answer: C
NEW QUESTION # 59
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 a secondary rate with the calculation method as Multiple of Coverage.
- B. 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.
- 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 primary rate with the calculation method as Multiple of Coverage.
Answer: B
NEW QUESTION # 60
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