One match of the ban came for picking up his fourth booking of the season in the 2-2 draw at Fiorentina two weeks ago. Another two matches were added for insulting one of the assistant referees at the end of the same game.
Balotelli has scored 10 goals in 11 games for club and country in 2013.
Milan is third in Serie A, four points behind second-place Napoli.
Juventus leads Napoli by 11 points.