You have choices when it comes to health insurance. There are variety of different types of health insurance with different features to consider when making your decision. Below is a quick outline of some of the pros and cons associated with four of the most popular types of health insurance. Of the four, three are major medical insurance — Short Term Health Insurance, Affordable Care Act insurance (a.k.a. Obamacare), and employer-based health insurance. All three are creditable coverage in accordance with HIPAA. The fourth type of health plan is Health Benefit Insurance which offers financial protection for commonly needed medical services, including hospital and doctor benefits.