Online 1Z0-1053-25 Practice Test

Question 1

Which benefit object must be created prior to creating an option?

Options :

A : Rate

B : Plan Type

C : Plan

D : Coverage

Answer: B

Question 2

What are the different types of open enrollment options available under Scheduled tab in program?

Options :

A : Open All and Unrestricted All

B : Open Scheduled and Unrestricted Scheduled

C : Open New Hire Enrollment and Unrestricted New Hire Enrollment

D : Open Enrollment and Open Unrestricted Enrollment

Answer: B

Question 3

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?

Options :

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.

Answer: D

Question 4

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 5

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

EXPERTY DESIGNED 1Z0-1053-25 PRACTICE TEST