A communication method, and related apparatuses are disclosed, to provide an MCS corresponding to a lower code rate, so as to better adapt to a requirement of a URLLC service. The communication method includes: determining N MCS indexes in an MCS table, where a value that is obtained by multiplying a code rate by 1024 and that corresponds to an MCS index X in the N MCS indexes is less than or equal to a first threshold, where X is an integer greater than or equal to 0, N is a positive integer, and N is greater than or equal to X; and sending at least one of the N MCS indexes.