Can I add another cell phone to my account or do I have to make a seperate account for each phone ?
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You can transfer your PM SIM card around between any (unlocked) devices you like, without any costs or mods or restrictions. In fact, if it's an option then it's actually smart to test each device this way to confirm there's no snags before actually committing to paid service.
But each SIM card is linked to one account and one phone number. Other carriers can merge things together (and link or share their pooled provisions) on one bill, PM can't.
If you want more than one phone number or simultaneously active devices on PM then each one needs a separate account. At least you can save a few bucks overall through Referral Rewards when setting up second (and subsequent) accounts.