Online 1Z0-1053-24 Practice Test

Question 1

How do you set up a Termination life event to end coverage at the end of the month?

Options :

A : Coverage and Rate Date Ranges:

Coverage Start Date: End of the Month

Previous Coverage End Date: First of the Next Month

B :

Coverage and Rate Date Ranges:

Coverage Start Date: First of the Month

Previous Coverage End Date: End of the Month

C :

Coverage and Rate Date Ranges:

Coverage Start Date: First of the Next Month

Previous Coverage End Date: End of the Month

D :

Coverage and Pate Date Ranges:

Coverage Start Date: End of the Month

Previous Coverage End Date: End of the Month

Answer: C

Question 2

To which two benefits objects can Year Period be attached to?

Options :

A : Program

B : Plan Type

C : Plan

D : Option

Answer: A,C

Question 3

The benefits administrator has configured five rates for five different legal entities. After implementation, an

employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate

amount to the plan under the rate section.

Why can't the employee see the assigned rate amount?

Options :

A : The rate amount Is a variable rate for the employee-s legal employer.

B : The rate amount is of the unit of measure "Money".

C : The rate amount is not configured for the employee-s specific legal employer.

D : The rate amount "Assign on Enrollment" is enabled for five legal entities.

Answer: C

Question 4

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?

Options :

A : Min = 1, Max - 1

B : Min = 1, Max = 2

C : Min = 0, Max = 1

D : Min = 0, Max = 0

Answer: B

Question 5

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?

Options :

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 offerings.

Answer: D

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