To address the challenges posed by composite targets composed of an anisotropic medium and metal in electromagnetic (EM) scattering calculations, this paper introduces an innovative hybrid algorithm tailored for simulating the EM scattering characteristics of such complex targets. Utilizing impedance boundary condition (IBC), the method employs surface impedance vectors to precisely depict the EM properties of the medium. By harnessing the distinct advantages of the Method of Moments (MoMs) at low frequency and Physical Optics (POs) at high frequency, the algorithm ensures both accuracy and efficiency in the EM simulation of composite targets. By transforming the EM scattering problem of targets coated with a thin-layered medium into an equivalent radiation problem of EM currents on impedance surfaces, this research has achieved rapid and high-precision calculations of the Radar Cross Section (RCS) for complex targets with anisotropic medium coatings. To assess the performance of the algorithm, three target models—square plates, simplified aircraft, and complex satellites—are selected as test cases. The dual metrics of RCS and surface current distribution are utilized as evaluation benchmarks, and comparisons are made against the Method of Moments–Finite Element Method (MoM-FEM) hybrid numerical method. The comparative results demonstrate that the proposed method meets the engineering standards in terms of both the root mean square error (RMSE) of RCS and the relative error in surface current distribution, while also achieving a significant improvement of over 50% in computational efficiency, thereby validating its superior accuracy and practical utility.