1Z0-1017 Oracle Benefit Cloud 2018 Implementation Essentials

Exam Title: Oracle Benefit Cloud 2018 Implementation Essentials
Exam Number: 1Z0-1017
Format: Multiple Choice
Duration: 105 Minutes
Number of Questions: 60
Passing Score: 70%
Validated Against: This exam has been validated against 18B. (Previous version of this exam was validated against R12 in 2017)

Configuring Benefits
Configure life events
Create benefits groups
Create eligibility profiles
Manage benefit year periods, plan types, and options
Create benefit plans and programs
Configure enrollment display

Reporting on Benefits
Explain benefit reports
View enrollment results
Set up benefits extracts, extract and transmit data to plan carriers

Administering Benefits
Explain common administrative tasks
Explain collapsing rules
Prepare for an open enrollment period
Manage an open enrollment period
Configure flex credits
Manage benefit coverage and rates

 

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QUESTION: 1
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

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QUESTION: 2
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 Plan
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 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.
D. 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.

Answer: D

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QUESTION: 3
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. December 28, 2016
C. January 31, 2017
D. January 22, 2017

Answer: C

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