Open Enrollment refers to a specific period during which employees can make changes to their benefits elections, such as health insurance or retirement plans. This is typically an annual event that occurs near the beginning of the year and allows employees to review their options and choose what works best for them and their families. The term "open" means that all eligible employees are allowed to participate regardless of their employment status, while "enrollment" refers to the process of selecting benefits. During Open Enrollment, employees can add or drop coverage, change plans, or make other benefit elections for the upcoming year.