The lifelong Everton fan believes that Suarez deserves to be crowned Players' Player of the Year, while Henderson should be named Young Player of the Year.
Barton explained his choices on Twitter by writing: "Suarez no brainer. Henderson has had a complete turn around. I was once a critic.
"Suarez and Henderson and I'm an Everton fan. Couldn't think of any players in top 3 that where more deserving of each award.
"Maybe I could have gone Hazard for Young player but Henderson's improvement edged it for me. Always like to see improvement. Hazard top draw."
Liverpool's Premier League title hopes remain alive as they currently sit second in the table, one point adrift of leaders Chelsea.