Vendor: Oracle
Exam Code: 1Z0-1053-22
Exam Name: Oracle Benefits Cloud 2022 Implementation Professional
Certification: Oracle Certifications
Total Questions: 60 Q&A
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Details)
Updated on: Jun 14, 2026
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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 factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.
B. Configure a secondary rate 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.
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. 40
B. 130
C. 32.5
D. 30
A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1.
Address Change life event status: Detected
2.
New Hire life event: Manual What does this status signify?
A. A New Hire life event wasmanually selected. An Address Change event was triggered for the person and participation evaluation processing was evaluated.
B. A New Hire life event was manually selected. An Address Change event was triggered for the person, and participation evaluation processing has not yet evaluated it.
C. A New Hire life event was manually selected, or the Configure the Timeliness Evaluation setting of a particular life event set the An Address Change event was triggered for the person and participation evaluate processing has not yet evaluated it.
D. A New Hire life event was manually selected. An Address Change event is yet to be triggered and processed for, the employee.
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