Online 1Z0-1053-24 Practice Test

Question 1

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 2

The benefits administrator runs an open enrollment window on March 1, 2017 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2017. What could be a reason for this?

Options :

A : The life event date configured for XX Life Program is not 15 March 2017

B : There is no configuration for open enrollment for the XX Life Program.

C : A cycle has already run for open enrollment, so no life event date is available.

D : The benefits administrator has a login from the previous date to that of 15 March 20l7.

Answer: D

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

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 5

A benefits consultant implemented a plan for life insurance with the following options:

1. Option 1: Employee only

2. Option 2: Employee plus 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?

Options :

A : They should have created an Option 3: Coverage Declined.

B : They should not have enabled the Assign on Default button for the options.

C : They should have configured an eligibility fast formula

D : They should have enabled a plan restriction fast formula.

Answer: D

EXPERTY DESIGNED 1Z0-1053-24 PRACTICE TEST