This bill requires the Medicaid program to cover expenses for self-administered hormonal contraceptives, which include various forms of birth control such as oral pills, transdermal patches, vaginal rings, and diaphragms. It introduces the concept of a "standing order," allowing pharmacists to dispense these contraceptives without needing an individual prescription from a healthcare provider. This change aims to improve access to reproductive health care for Medicaid beneficiaries by streamlining the process for obtaining these medications.

Furthermore, the bill mandates that the Commissioner of Human Services apply for any necessary state plan amendments or waivers to implement these provisions and secure federal financial participation for state Medicaid expenditures. The Commissioner is also responsible for adopting rules and regulations to facilitate the act's implementation. The legislation is designed to take effect immediately upon passage, ensuring that eligible individuals can access self-administered hormonal contraceptives without additional costs as soon as possible.