In addition to doping in the lattice that affects the intra-block coupling, intercalated molecules sit in between the consecutive basal planes, thereby increasing the effective length of the c-axis. This, in turn, must lead to a decrease in inter-block coupling. Both the doping and intercalation have been reported to affect the evolution of T c in a system, implying the inherent importance of both types of coupling. In the latter case, the resulting depression of T c is ascribed to transfer of charge between the intercalate and the host CuO 2 plane. Most interesting studies in this regard pertain to use of I 2 , HgI 2 and HgBr 2 molecules as intercalates for the Bi 2 Sr 2 CaCu 2 O 8+y system. Earlier reports mostly claim that the host CuO 2 plane in Bi 2 Sr 2 CaCu 2 O 8+y invariably becomes overdoped whichever the intercalate, thereby leading to a fall in T c. In this paper, we examine these claims in the case of Bi 2 Sr 2 CaCu 2 O 8+y single crystals by measuring the number of itinerant holes before and after intercalation by making polarization-dependent soft-x-ray absorption measurements at the O K and the Cu L 3 edges. Our results do support the earlier claims on overdoing of the CuO 2 plane in the case of iodine intercalate but are not in agreement with those in the case of the HgI 2 intercalate.