Update 1z0-1017 Braindump 2021

NEW QUESTION 1
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 2
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 3
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 achieved through customization only.
• B. This requirement can be completely achieved with configuration 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 offering

Answer: D

NEW QUESTION 4
A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2021. Since there were two more life events in the detected phase as of August 15, 2021, 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 20.
• B. The number of proximity days was specified as 0.
• C. The life event had expired.
• D. The number of proximity days was specified as 15.

Answer: D

NEW QUESTION 5
A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
What must the minimum and maximum plan limit be set at Plan Type level?

• A. Min = 1, Max - 1
• B. Min = 1, Max = 2
• C. Min = 0, Max = 1
• D. Min = 0, Max = 0

Answer: B

NEW QUESTION 6
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 7
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 8
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 not backed out properly.
• C. The life event reinstatement rule was configured.
• D. The life event was configured for another dat

Answer: C

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

NEW QUESTION 9
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 10
To which two benefits objects can Year Period be attached to?

• A. Program
• B. Plan Type
• C. Plan
• D. Option

Answer: BD

Explanation:
https://docs.oracle.com/cd/E5HYPERLINK
"https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIBF/F1420611AN193D6.htm"1367_01/globa lop_gs/FAIBF/F1420611AN193D6.htm

NEW QUESTION 11
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 factor
• B. Attach it to the pla
• C. Then create a standard fate with the calculation method as Multiple of Coverage.
• D. Configure a secondary rate with the calculation method as Multiple of Coverage.
• E. Configure a fast formula calling this tabl
• F. Configure a secondary standard rate with the calculation method as Formul
• G. Then create another standard rate with type and the calculation method aS Multiple of Parent.
• H. Configure a primary rate with the calculation method as Multiple of Coverag

Answer: D

NEW QUESTION 12
Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group.
How do you assign the individual functional consultant to this newly created benefits group?

• A. Assign individuals to the benefit group using the Manage Person task in the Person Management work area.
• B. Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.
• C. Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.
• D. Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.
• E. Assign individuals to the benefit group using the Manage Person task in the Enrollment work are

Answer: C

NEW QUESTION 13
A plan is created for a calendar year from January 1, 2021 and ends on December 31, 2021. 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 rate start date
• B. as of coverage start date
• C. as of event start date
• D. as of enrollment start date

Answer: C

NEW QUESTION 14
A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2021.
2. Marriage detected on 1-Jun-2021. What do these statuses imply?

• A. New Hire LE is complete but not close
• B. Marriage LE is triggered but has not yet made elections.
• C. New Hire l-E is complete and close
• D. Marriage IE is triggered but has not yet made elections.
• E. New Hire IF is complete and close
• F. Marriage LE is triggered and has made elections.
• G. New Hire LE is complete and close
• H. Marriage LE is triggered because of the data change.

Answer: D

NEW QUESTION 15
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 effective date of the open event and the date on which eligibility is evaluated.
• B. It is the date on which default benefits assignments are made.
• C. It Is the last day of the open enrollment period.
• D. It is the first day of the open enrollment perio

Answer: C

NEW QUESTION 16
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 17
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 18
A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverage plan at extra premium
3) Life insurance plan for employee and family
4) In Network Dental Insurance plan
5) Out of network Dental insurance plan
6) Eye care plan
How many plan types do you need to configure for this customer?

• A. 5
• B. 3
• C. 4
• D. 6

Answer: B

NEW QUESTION 19
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?

• A. Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
• B. The amount of deduction from employee pay check for enrollment is varied based on a life event.
• C. Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
• D. Life events affect benefits processing for a participan

Answer: CD

Explanation:
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm

NEW QUESTION 20
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 21
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 22
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 even
• B. Create a benefit group listing all the executive
• C. Create an eligibility profile with this group and attach it to the progra
• D. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
• E. Create a default life event for this task XX Admin Life even
• F. Create a separate-eligibility profil
• G. Then enroll the first of executives into a sample data and send the summary reports to the company.
• H. Create a default life event for this task XX Admin Life even
• I. Attach it to the Pla
• J. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
• K. Create a default life event for this I ask XX Admin Life even
• L. Create a benefit group listing all the executive
• M. Create an eligibility profile with this group and attach it to all the plan
• N. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.

Answer: C

NEW QUESTION 23
An employee logs into the self-service page. The employee enters into one plan and makes an election in the plan available. While making electrons, the employee notices that the option's rate amount isn't displayed in the total summary section on the right side of the page.
Which is a reason for this problem?

• A. The rate activity type for payroll information is configured as cost.
• B. The rate activity type for payroll information is configured as employee contribution.
• C. The rate is configured as secondary rate and not primary rate.
• D. The rate is inactiv

Answer: D

NEW QUESTION 24
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