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1. 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?
A) This requirement cannot be achieved with configurations, and would require custom Fast Formula.
B) This requirement can be completely achieved with configuration only.
C) This requirement can be achieved through customization only.
D) This requirement cannot be achieved in the current system offerings.
2. What are the different types of open enrollment options available under Scheduled tab in program?
A) Open New Hire Enrollment and Unrestricted New Hire Enrollment
B) Open Enrollment and Open Unrestricted Enrollment
C) Open Scheduled and Unrestricted Scheduled
D) Open All and Unrestricted All
3. The benefits admin runs an open enrollment window on 03/01/2017 for Program: XX Life Insurance, but cannot find the life event date of 03/15/2017. What could be a reason for this?
A) A cycle has already run for open enrollment, so no life event date is available.
B) There is no configuration for open enrollment for the XX Life Program.
C) The benefits admin has a login from the previous date to that of 03/15/2017.
D) The life event date configured for XX Life Program is not 03/15/2017.
4. 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 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.
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.
C) 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.
D) 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.
5. Coverage Start Date: First of the Next Month
A) Global health plan options
B) Termination life event configuration
C) Life event start date
D) Valid type of life event
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |
1. 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?
A) This requirement cannot be achieved with configurations, and would require custom Fast Formula.
B) This requirement can be completely achieved with configuration only.
C) This requirement can be achieved through customization only.
D) This requirement cannot be achieved in the current system offerings.
2. What are the different types of open enrollment options available under Scheduled tab in program?
A) Open New Hire Enrollment and Unrestricted New Hire Enrollment
B) Open Enrollment and Open Unrestricted Enrollment
C) Open Scheduled and Unrestricted Scheduled
D) Open All and Unrestricted All
3. The benefits admin runs an open enrollment window on 03/01/2017 for Program: XX Life Insurance, but cannot find the life event date of 03/15/2017. What could be a reason for this?
A) A cycle has already run for open enrollment, so no life event date is available.
B) There is no configuration for open enrollment for the XX Life Program.
C) The benefits admin has a login from the previous date to that of 03/15/2017.
D) The life event date configured for XX Life Program is not 03/15/2017.
4. 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 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.
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.
C) 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.
D) 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.
5. Coverage Start Date: First of the Next Month
A) Global health plan options
B) Termination life event configuration
C) Life event start date
D) Valid type of life event
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |
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