Upgrade to Google’s latest dynamic tagging solution

I just received this email from Google about their new tracking code:

“To help you measure all online conversions and optimize the value of your digital marketing investment, upgrade to Google’s latest dynamic tagging solution by updating your current Google Analytics tag (analytics.js) to the latest tag (gtag.js)”

Because I’m using this plugin and it grabs the UA tracking code, does it just automatically update it because it’s pulling straight from Google?

Thanks!

The page I need help with: [log in to see the link]