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NEW QUESTION # 19
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 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 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.
- D. Configure a primary rate with the calculation method as Multiple of Coverage.
Answer: C
NEW QUESTION # 20
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 Pate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month
- D. Coverage and Rate Date Ranges:Coverage Start Date: First of the Next MonthPrevious Coverage End Date: End of the Month
Answer: D
NEW QUESTION # 21
Can you upload student and disability status for multiple persons at one time?
- A. No, this option isn,t available.
- B. Yes, it can be accomplished through the spreadsheet loader.
- C. Yes, it can be accomplished by creating a benefit group.
- D. Yes, it can be accomplished through a benefit administrator task.
Answer: C
NEW QUESTION # 22
To which two benefits objects can Year Period be attached to?
- A. Option
- B. Plan
- C. Plan Type
- D. Program
Answer: A,C
Explanation:
https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm
NEW QUESTION # 23
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 effective date of the open event and the date on which eligibility is evaluated.
- C. It is the first day of the open enrollment period.
- D. It Is the last day of the open enrollment period.
Answer: A
NEW QUESTION # 24
Which is not a valid type of life event?
- A. Unrestricted
- B. Temporal
- C. Explicit
- D. Scheduled
- E. Restricted
Answer: D
NEW QUESTION # 25
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 0.
- B. The life event had expired.
- C. The number of proximity days was specified as 20.
- D. The number of proximity days was specified as 15.
Answer: D
NEW QUESTION # 26
Achieved via configuration
- A. Overspending in flex credit shell plans
- B. Designating dependents on Train Stop
- C. Valid type of Life Event
- D. Number of train stops on benefits enrollment page
Answer: B
NEW QUESTION # 27
Termination life event configuration
- A. Coverage Start Date: First of the Next Month
- B. Intervening life event backed out open event
- C. Configurable
- D. Plan Configuration, Evaluation and Reporting
Answer: A
NEW QUESTION # 28
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it as per the flex credit formula.
- B. Yes, you can define it in the standard rates.
- C. No, you do not have a place holder.
- D. Yes, you can define it in the spending options.
Answer: B
NEW QUESTION # 29
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 enrollment start date
- B. as of coverage start date
- C. as of event start date
- D. as of rate start date
Answer: C
NEW QUESTION # 30
Which statement about configuring Designation Requirements is true?
- A. A Designation Requirement cannot be configured for a plan with no option.
- B. A Designation Requirement can be configured for a plan with no option.
- C. A plan must have multiple options for Designation Requirement to be configured.
- D. A plan must have the waive option for Designation Requirement to be configured.
Answer: C
NEW QUESTION # 31
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- 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 Salaried. Related coverage > Eligible for another plan and attach this to both the plans..
- C. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
- D. Configure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab > Salaried o. Hourly as Salaried" Related coverage > Eligible in another option in plan and attach this to both the plans.
Answer: A
NEW QUESTION # 32
A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan''s year period.
What is the communicated rate value?
- A. 0
- B. 1
- C. 32.5
- D. 2
Answer: C
NEW QUESTION # 33
Optional, mandatory for participant
- A. Overspending in flex credit shell plans
- B. Creation of enrollment results
- C. Rate visibility issue
- D. Enrollment authorization requirements
Answer: D
NEW QUESTION # 34
A company has XX Fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in three production instances. The company wants to run enrollment for executives and send the data for internal discussion. How can the benefits admin perform this task?
- A. Create a default life event for this task XX Admin Life event. Create a separate eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
- B. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- C. Create a default life event for this task XX Admin Life event. Attach it to the plan. Then trigger the life event and enroll into a
Answer: A
NEW QUESTION # 35
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 cannot be achieved in the current system offerings.
- B. This requirement can be achieved through customization only.
- C. This requirement can be completely achieved with configuration only.
- D. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
Answer: D
NEW QUESTION # 36
Which is not a derived factor type?
- A. Hours Worked
- B. Compensation
- C. Grade
- D. Full-Time Equivalent
Answer: C
NEW QUESTION # 37
Which three areas contain tasks to prepare for an open enrollment period?
- A. Enrollment and My Information work areas
- B. Payroll Calculation work area
- C. Evaluation and Reporting work areas
- D. Plan Configuration work area
- E. Person Management work area
Answer: A,C,D
Explanation:
https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update18a/facmb/prepare-for-open-enrollment.html#FACMB1107266
NEW QUESTION # 38
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 22, 2017
- B. January 31, 2017
- C. January 15, 2017
- D. December 28, 2016
Answer: B
NEW QUESTION # 39
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 LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
- B. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
- C. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
- D. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
Answer: A
NEW QUESTION # 40
Can be defined in spending options
- A. Overspending in flex credit shell plans
- B. Rate visibility issue
- C. Valid type of life event
- D. Tasks to prepare for open enrollment
Answer: C
NEW QUESTION # 41
A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
How can the benefits administrator perform this task?
- A. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- B. Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
- C. Create a default life event for this task XX Admin Life event. Create a separate-eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
- D. Create a default life event for this task XX Admin Life event. Attach it to the Plan. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
Answer: D
NEW QUESTION # 42
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