New Multifocal IOLs are now available, which can reduce the need for reading glasses after cataract, or lens replacement surgery. These lenses are designed to address the problem of presbyopia, in which people over the age of 40 begin to lose the ability to read, or see up close. In the past, when an artificial lens called an intraocular lens implant, or ‘IOL,’ was placed inside the eye during cataract or lens replacement surgery, it could only focus at a single distance.