If you have created paragraph and character styles consistently in Microsoft Word, you can translate those into InDesign styles.
When placing a Word document, hold down the Shift key or choose Show Import Options. In the Word Import Options dialog, in the Formatting section, click Preserve Styles and Formatting... Then click Customize Style Import and click Style Mapping. Map Word styles to InDesign styles in the Style Mapping dialog.
You can save this mapping as a preset at the top of the Import Options dialog.
Will this also import the correct character style options?
You can map either paragraph or character styles between Word and InDesign.