Posterior chamber phakic intraocular lenses are a crucial option in refractive surgery for both non-presbyopic and presbyopic patients looking to improve vision without removal of the crystalline lens and who may not be candidates for other refractive surgery modalities, such as LASIK and PRK. This article examines the indications, considerations, contraindications, and post-operative complications associated with implantable collamer lens (ICL) surgery. Moreover, it discusses new ICLs available in the market, such as the EVO ICL, as well as the examination factors that should be taken into consideration when electing for refractive surgery.