1z0-1017 Free Practice Test

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?

1. A. They should have created an Option 3: Coverage Declined.
2. B. They should not have enabled the Assign on Default button for the options.
3. C. They should have configured an eligibility fast formula
4. D. They should have enabled a plan restriction fast formul

Correct Answer: D

Can you define overspending of a budget pool in filex credit shell plans?

1. A. Yes, you can define it in the spending options.
2. B. Yes, you can define it in the standard rates.
3. C. Yes, you can define it as per the filex credit formula.
4. D. No, you do not have a place holde

Correct Answer: A

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

1. A. Coverage and Rate Date Ranges: Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month
2. B. Coverage and Rate Date Ranges: Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month
3. C. Coverage and Rate Date Ranges: Coverage Start Date: First of the Next MonthPrevious Coverage End Date: End of the Month
4. D. Coverage and Pate Date Ranges: Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month

Correct Answer: C

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?

1. A. 40
2. B. 130
3. C. 32.5
4. D. 30

Correct Answer: D

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?

1. A. Min = 1, Max - 1
2. B. Min = 1, Max = 2
3. C. Min = 0, Max = 1
4. D. Min = 0, Max = 0

Correct Answer: B