Yes account upgrades and/or downgrades can happen anytime. For a more detailed look into what the exact process is that you'll need to take, please check out this page on the Total Choice Web Hosting Help Site!
It's also worth making a note that:
The "Head Guru" special does not apply to existing customers. The free month is only an option to new clients or new domains. Cancelling your plan and signing up again also will not entitle you to a free month.
Can I Upgrade/downgrade Anytime?
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