Apple’s new AppleCare One subscription is compatible with the iPhone Upgrade Program, but making the switch takes a bit of manual work.

AppleCare One subscription

AppleCare One subscription
The clarification comes from Apple spokesperson Anna Mitchell, who confirmed to Six Colors that iPhone Upgrade Program users can unbundle their AppleCare+ coverage and move to AppleCare One.
Customers must contact Apple Support to make the change, and they’ll need a U.S.-based Apple ID in good standing.