The invention refers to the area of materials science and material physics and relates to a coated magnetic alloy material that can be used, for example, as a magnetic cooling material for cooling purposes. The object of the present invention is to provide a coated magnetic alloy material that exhibits improved mechanical and/or chemical properties. The object is accomplished by a magnetic alloy material having an Na Zn13-type crystalline structure and having a composition according to the formula Ra Fe100-a-x-y-z Tx My Lz, the surface of said alloy material being coated with a material comprising at least one element from the group of Al, Si, C, Sn, Ti, V, Cd, Cr, Mn, W, Co, Ni, Cu, Zn, Pd, Ag, Pt, Au or combinations thereof. The object is further achieved by a method in which the magnetic alloy material is coated by way of fluid phase processes.