Do you need health insurance in Panama? That’s a question we get asked a lot, and the best answer we can give is that it depends entirely on your own circumstances and your tolerance for risk. One of the biggest determining factors for us, at least for the moment, is our ages (late 50s and early 60s). As U.S. citizens, we have a few years to go before we qualify for Medicare. We are not comfortable going without some type of coverage (also known as self-insuring), particularly since we travel often and spend a fair amount of time in the States visiting our family. When we first moved to Panama over two years ago, we talked about our initial forays into the insurance market in this blog post. We initially settled on a global policy from VUMI International Health Insurance, which luckily we never had to use. From the initial yearly premium…