This bill expands Medicaid coverage to include expenses for self-administered hormonal contraceptives, which can be dispensed by pharmacists under a "standing order." The legislation defines "self-administered hormonal contraceptive" to include various forms such as oral contraceptives, transdermal patches, and vaginal rings. By allowing pharmacists to provide these contraceptives without requiring an individual prescription, the bill aims to improve access to reproductive health options for Medicaid beneficiaries.

Furthermore, the bill ensures that payments for services and supplies under this act will be made in full to providers, with specific guidelines regarding reimbursement for medically unnecessary services. It also mandates that the Commissioner of Human Services apply for any necessary state plan amendments or waivers to implement these provisions and secure federal funding. The bill is set to take effect immediately upon passage, facilitating quicker access to contraceptive methods for eligible individuals.