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Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

1. A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employeeplus 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 enabled a plan restriction fast formula.
B) They should have created an Option 3: Coverage Declined.
C) They should not have enabled the Assign on Default button for the options.
D) They should have configured an eligibility fast formula

2. 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 aplace holder.
D) Yes, you can define it in the spending options.

3. 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 first 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 eligibilityis evaluated.
D) It Is the last day of the open enrollment period.

4. What are the different types of open enrollment options available under Scheduled tab in program?

A) Open Enrollment and Open Unrestricted Enrollment
B) Open All and Unrestricted All
C) Open Scheduled and Unrestricted Scheduled
D) Open New Hire Enrollment and Unrestricted New Hire Enrollment

5. 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) 130
B) 30
C) 32.5
D) 40

Solutions: