MILWAUKEE, Wis. (WTAQ) - A health insurer will cut 130 jobs in Milwaukee and Plymouth Minnesota, as it gets ready to deal with the federal health reform law.

Assurant Health sells policies to individuals and small employers. And it faces a host of new regulations which include a requirement to spend 80 percent of its premium revenues on actual care.

CEO Don Hamm says it’s always tough to eliminate jobs, but the company must adapt to an industry that’s undergoing what he called “unprecedented change.”

Assurant Health did not say how many jobs would be cut in each of the two cities. Those affected will get benefits that include severance pay and support for finding new work.