Phase models are among the simplest neuron models reproducing spiking behavior, excitability, and bifurcations toward periodic firing. However, coupling among neurons has been considered only using generic arguments valid close to the bifurcation point, and the differentiation between electric and synaptic coupling remains an open question. In this work we aim to address this question and derive a mathematical formulation for the various forms of coupling. We construct a mathematical model based on a planar simplification of the Morris-Lecar model. Based on geometric arguments we then derive a phase description of a network of the above oscillators with biologically realistic electric coupling and subsequently with chemical coupling under fast synapse approximation. We demonstrate analytically that electric and synaptic coupling are differently expressed on the level of the network's phase description with qualitatively different dynamics. Our mathematical analysis shows that a breaking of the translational symmetry in the phase flows is responsible for the different bifurcations paths of electric and synaptic coupling. Our numerical investigations confirm these findings and show excellent correspondence between the dynamics of the full network and the network's phase description.