The Photoshop plug-in is not automatically installed into Elements. Search your computer for the plug-in file LuminarNeo.8bf and copy it (in Windows) to the following directory:
C:\Program Files\Adobe\Photoshop Elements 2021\Plug-Ins
The plug-in should then show up in Elements under the Filter>Skylum Software menu item:
If you have not done so already, make sure you have the latest update from Luminar as it fixed some problems I was having using the software as a plug-in. (I actually uninstalled Neo and reinstalled the latest version to fix the problem.)