This bill requires Medicaid to cover expenses for self-administered hormonal contraceptives, which include oral contraceptives, transdermal patches, and vaginal rings, when prescribed under a "standing order" that allows pharmacists to dispense these medications without an individual prescription. The bill aims to enhance access to contraceptive options for Medicaid beneficiaries, promoting reproductive health and family planning by removing the previous requirement for a doctor's prescription.

Additionally, the bill amends existing Medicaid provisions to include this coverage as part of the authorized services under the medical assistance program. It mandates that the Commissioner of Human Services apply for any necessary state plan amendments or waivers to secure federal financial participation in the related Medicaid expenditures. The Commissioner is also responsible for adopting rules and regulations to implement the bill in accordance with the "Administrative Procedure Act." The bill is designed to take effect immediately upon passage, facilitating quicker access to contraceptive options for eligible individuals.