No. However if you copy and paste the content from your Word document into our editor in WYSIWYG mode, it should retain the formatting of your content.
As a note, copying and pasting your text from a word processing program or other application is not recommended. This will apply code to the text that's carried over when you paste this into your page, and will cause formatting issues if you try to modify your text using the editor. We recommend using a program such as Notepad or TextEdit to remove formatting, and then adding the text to your page -- you can then use the tools in the edit window to style your text.