Numbeo figures may be used only as a reference, and do not include rent. ....
Figure that as a tourist you most likely will only qualify to rent a furnished temporary apt. on a 6 month contract , subject to inflationary review every 6 months. Unless you have Garantia under Notary Public, form a valid BA property owner.
Palermo Temporary furnished Studio Rentals listed in Zonaprop start form US$600 up to US$1000 per month.(30 sq.mts.aprox). May not include electric, gas, utilities.wifi, Check each add.
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Health insurance if you are over 60 will run MORE than US$200 perhaps double from a major Provider, (Hospital Aleman, Britanico, Italiano..etc).find
So with your rent and health insurance plan you are close to US$1K.
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If over 60 years you may find it hard to be accepted by ANY health insurance company - and the price will be dramatically higher than U$S 200 a month if you are 65+ (if you are even accepted). I think even at age 60 the rates will be much more than U$S 200. By major providers I think of companies like OMINT, OSDE. Aleman and Britanico are a step below and cheaper. Not sure about Italiano.