• How much of each asset is available both short and long term?
• Do you own a home or other property? Are you willing to liquidate this property to finance your long term care? At what point would you do so? Have you considered a reverse mortgage on your home?
• Are your finances sufficient to last until the end of your life? If not, how long will they last? If you have a spouse, are your finances sufficient to cover your spouse's needs also?
• Have you purchased long term care insurance? If you plan to purchase long term care insurance, what resources are available to help you research policies?
• Are you Medicaid eligible? What are the rules relating to Medicaid "spend down"? Are you willing to "spend down" your assets to qualify for Medicaid? What feelings do you have about doing so? Are you willing to give up privacy and control by going on Medicaid? What plans do you need to make now if you anticipate going on Medicaid later?
• What are local or state supported financing options are available to you?

Involving family members and professionals in conversations about financing long term care is encouraged. Consider the following questions about each before you begin.

Family Members

• Do you have family members available to help you make decisions? What roles can family members play in the decision making process? What special knowledge, skills and abilities do individuals have to contribute?