Bio-ceramic coatings were synthesized on ZK60 magnesium alloys by micro-arc oxidation (MAO). The degradation behavior of the ZK60 alloys with and without MAO coating in the simulated body fluid (SBF) was studied. The samples were characterized by means of scanning electron microscopy (SEM), laser scanning confocal microscopy (CLSM), and X-ray diffraction (XRD). Electrochemical impedance spectroscopy (EIS) was used to study the degradation behavior. The results showed that the porous MAO coating mainly consisted of MgO, Mg2SiO4, Mg3(PO4)2, and CaCO3. The pH values of both coated and uncoated samples increased over time. However, the pH values of the SBF for coated samples always maintained a lower level compared with those for the uncoated samples. Thereby, the coated samples showed a much lower degradation rate. After immersion in SBF for 5 days, corrosion product containing Ca and P was found on both samples, while the deposition was more active on the coated samples. The degradation models for the uncoated and coated samples in the SBF are also proposed and discussed.